Help creating indicator for 4 candles patterns | Forex Factory

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Help creating indicator for 4 candles patterns

  • #1
  • First Post: Sep 7, 2021 3:11pm Sep 7, 2021 3:11pm
Hello Coders
can some one help me to create simple indicator to highlight a 4 candles pattern
as Follow , and advise and modification feel free to tell me
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  • #2
  • Sep 8, 2021 2:22am Sep 8, 2021 2:22am
I am NOT a coder but I see several problems with your request.

First, you said it was SIMPLE, haha

Second, you need to define exactly what the indicator is looking for; when, where, and how it makes the signals.

For instance, you said it was 4-candles, yet in the picture, you describe 5-candles and 6-candles.

And is it engulfing or not engulfing, because that is complicated, right?

There is an indicator that I use which seems to do almost what you want, it uses only the CLOSE price.

Take a look here - https://www.forexfactory.com/thread/...9#post13588109

And more discussion here - https://www.forexfactory.com/thread/...g-for-solution

Good Luck

It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Edited 3:49am Sep 8, 2021 3:39am | Edited 3:49am
Quoting Erebus
I am NOT a coder but I see several problems with your request. First, you said it was SIMPLE, haha Second, you need to define exactly what the indicator is looking for; when, where, and how it makes the signals. For instance, you said it was 4-candles, yet in the picture, you describe 5-candles and 6-candles. And is it engulfing or not engulfing, because that is complicated, right? There is an indicator that I use which seems to do almost what you want, it uses only the CLOSE price. Take a look here - https://www.forexfactory.com/thread/...9#post13588109...

Thanks for your reply
what I am looking for the main point i look is
- the candle creating the the Swing High or low - Manually I am using Fractal / or just naked chart
- if this candle engulf the previous candles ( only last 2 )
- then we need to confirm if the 3rd candle create LH or HL and engulf the the close for the previous two candles
- 4th candle can be used to entry / confirmation for the pattern once it close below the 3rd candle
- more confirmed entry will be with 5th candle open , SL can be above the 3rd or 2nd candle
as follow
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  • #4
  • Sep 8, 2021 3:53am Sep 8, 2021 3:53am
One example

in H4 USDCAD , we can see the pattern and i made entry on the 4th candle open and SL above the 2nd candle

same example on H1 chart and you can see the entry is better and lower SL
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  • #5
  • Edited 4:09am Sep 8, 2021 3:59am | Edited 4:09am
One more entry , here I entered based on the 6th candle as the market is slow and bearish candle range is short

and confirmed today entry

the person he taught me this is professional trader , he is not using indicator for that but , i though it will be good if some
one manage to create and indicator for that , also you can define it in HTF and refine your entry in LTF but this more advanced way and need more practice to this pattern , and as you can see all two entries was rejoined by candle wick to collect other order same level

Bullish entry attached
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  • #6
  • Sep 8, 2021 4:27am Sep 8, 2021 4:27am
So "help to create" means "can someone make this indicator for me"?
  • #7
  • Sep 8, 2021 4:36am Sep 8, 2021 4:36am
Quoting BondHead
One more entry , here I entered based on the 6th candle as the market is slow and bearish candle range is short and confirmed today entry the person he taught me this is professional trader , he is not using indicator for that but , i though it will be good if some one manage to create and indicator for that , also you can define it in HTF and refine your entry in LTF but this more advanced way and need more practice to this pattern , and as you can see all two entries was rejoined by candle wick to collect other order same level Bullish entry attached...
As I said, the indicator that I had coded gives virtually the same signal, concentrate on the CLOSE price ONLY

Works in every time frame, you can have all the confirmation you desire

Here are the first 2 charts you posted to compare

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It takes a lot for me to IGNORE you, but you can try.
  • #8
  • Sep 8, 2021 4:44am Sep 8, 2021 4:44am
Quoting BondHead
One more entry , here I entered based on the 6th candle as the market is slow and bearish candle range is short and confirmed today entry the person he taught me this is professional trader , he is not using indicator for that but , i though it will be good if some one manage to create and indicator for that , also you can define it in HTF and refine your entry in LTF but this more advanced way and need more practice to this pattern , and as you can see all two entries was rejoined by candle wick to collect other order same level Bullish entry attached...
Check this, your 3rd chart compared with mine

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #9
  • Sep 8, 2021 4:58am Sep 8, 2021 4:58am
Quoting Erebus
{quote} Check this, your 3rd chart compared with mine {image}
Erebus, i guess your indicator (link to which source files haven't yet found. Can you post a link to post with source files?) gives way more signals than expected in this thread.
  • #10
  • Sep 8, 2021 5:08am Sep 8, 2021 5:08am
Quoting AleksDark
{quote} Erebus, i guess your indicator (link to which source files haven't yet found. Can you post a link to post with source files?) gives way more signals than expected in this thread.
More signals is good isn't it? confirmation and extra entries

Please PM to me

Private Message

Thanks

PS - not selling anything

It takes a lot for me to IGNORE you, but you can try.
  • #11
  • Sep 8, 2021 5:20am Sep 8, 2021 5:20am
Quoting Erebus
{quote} Check this, your 3rd chart compared with mine {image}
thanks again for confirmation , yes i can see the indicators you use give same signal , beside more signals , but my approach is depend on the market movement between impulsive and pullback moves , or simple meaning market and professional trader trade the wicks
so simply i need to buy the Dips and Sell Highs

i believe one of this two indicators , can be modified and provide the pattern i am talking about ,
Attached File(s)
File Type: mq4 sm3BarFractalBreak-BoJack v1.0.mq4   7 KB | 381 downloads
File Type: mq4 3candles_Reversal_patttern.mq4   10 KB | 418 downloads
  • #12
  • Sep 8, 2021 5:25am Sep 8, 2021 5:25am
Quoting Erebus
{quote} More signals is good isn't it? confirmation and extra entries Please PM to me Private Message Thanks PS - not selling anything
it will great to share the indicator source code
  • #13
  • Edited 11:55am Sep 8, 2021 11:44am | Edited 11:55am
Here you can Find , better Definition for the Bearish entry type 1
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  • #14
  • Sep 9, 2021 1:26am Sep 9, 2021 1:26am
Quoting BondHead
Here you can Find , better Definition for the Bearish entry type 1 {image} {image}
So, what help do you need? You have nicely written out the logic in this post, so just make it? It is straight conversion to code, just make if check from each line.
  • #15
  • Last Post: Sep 9, 2021 3:08am Sep 9, 2021 3:08am
Quoting AleksDark
{quote} So, what help do you need? You have nicely written out the logic in this post, so just make it? It is straight conversion to code, just make if check from each line.
i tried to code it by myself , but i am not that good in coding so it not working
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