Railway tracks and other reversal and continuation patterns

Quoting hibra68

Disliked

Hi, I have been looking for a good railway tracks pattern indicator and I have not found one. If anyone can make one or have link please post.

Ignored

Quoting Erebus

Disliked

{quote} How hard did you look? Do you know the purpose of being in Community of Metatrader 4? The MQL5 store is really useful https://www.mql5.com/en/market/produ...tab_p_overview

Ignored

Quoting Erebus

Disliked

{quote} How hard did you look? Do you know the purpose of being in Community of Metatrader 4? The MQL5 store is really useful https://www.mql5.com/en/market/produ...tab_p_overview

Ignored

Quoting matthew89

Disliked

{quote} Im using MT4 on MAC and cant download indicators from the MQL5 market place annoyingly, the market option does not seem to be available for me on my platform. Does anyone have another copy this railway track indicator ?

Ignored

Quoting hibra68

Disliked

Here is Audjpy Its at a daily previous support I want to show another pattern This one looks like a pin bar but the body is bigger than a usual pinbar, and it shows as a bullish bar at the end of a bearish trend and vice versa. This is not new either but I think it is more reliable than a usual pinbar. {image} {image}

Ignored

Quoting hibra68

Disliked

Here is nzdcad , On Daily it looks like its at a strong resistance level and on the 4 hr looks like a railway pattern reversal happening. We have to wait for a bearish candle on 4hr {image} {image}

Ignored

Quoting hibra68

Disliked

You can see a similar pattern an all GBP pairs on the 1 hr. {image}

Ignored

Quoting hibra68

Disliked

This one is a good example , The bar after the railway pattern is bearish. So do we wait for another candle to be bullish or do we just scrap the trade. What I mean is we can make it a rule where we only consider the first bar after the railway pattern to be a strong Bullish/Bearish bar otherwise we dont take the trade. Its something to consider. Also from my first post, I saw that if I had placed trades above/below the high/low of the signal candles I would have avoided 2 of the losing trades. {image}

Ignored

Quoting hibra68

Disliked

With this one we should wait for a strong bullish bar confirmation {image}

Ignored

Quoting hibra68

Disliked

Here is one its not quite perfect but looks like it will reverse {image}

Ignored

Quoting matthew89

Disliked

Since the thread is titled "Railway tracks and other reversal and continuation patterns", what other price action patterns have people had success using? Off topic here is really nice price action indicator, it also has an option to show railway patterns. {file}

Ignored

Quoting blanca

Disliked

Hi Hibra, Thanks for sharing, it is indeed a very interesting pattern, would like to ask you in your experience trading it, which difference have you experienced between waiting for the confirmation candle or entering inmediately after the signal in the railway track pattern in terms of profitability and performance? has it increased its profitability or do you believe that after waiting for confirmation the target is harder to reach?. Do you find it more reliable on higher timeframes or is it exactly the same? do you find any improve if you take...

Ignored