Hello everyone.. Allow me to introduce my indicator
King of Pattern MT5 – Head and Shoulders:
An innovative indicator designed to detect regular, classic, and non-standard Head and Shoulders patterns with high accuracy, using smart filtering and prediction methods. It goes far beyond traditional pattern recognition tools by identifying both bullish and bearish formations, with clear conditions for neckline breaks, Fibonacci level reactions, and pattern symmetry.
King of Pattern MT5 includes two Methods for detecting patterns:
First Method:
I’ve explained the most important formations in the description and images.
Second Method:
This method is highly innovative and relies on preemptive prediction of the chart’s movement. It detects the left shoulder and the main head, then draws the “triangle” head and quickly displays the Early_quick_pips prediction line — even before the right shoulder begins to form.
This gives traders more time to anticipate price movement ahead of the full pattern.
In this method, Fibonacci level calculation is different — with level 0.0 starting exactly from the appearance of the Early_quick_pips line, which lies precisely at the top of the developing right shoulder.
I've included explanations in the images for the 6 most important rules of the King of Pattern – Head & Shoulders indicator.
Please review them carefully and read the detailed descriptions for each rule inside the images.
Rule 1: Classic Bearish Pattern
Rule 2: Classic Bullish Pattern
Rule 3: Various Bearish & Bullish Patterns
Rule 4: Opposite Pattern – A unique opportunity in itself
Rule 5: Fibonacci Resistance Levels – 23.6% or 38.2%
Rule 6: Head Triangles – Early Prediction (Early_quick_pips)
Fibonacci-Based Target Zones
The indicator automatically plots key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) to estimate potential target areas.
Its rule-based reactions to these levels create high-probability trade zones.
I will be sharing illustrative images explaining the indicator, followed later by real live trading screenshots demonstrating how to benefit from it in action.
https://www.mql5.com/en/market/product/141619
Wish you all the best
King of Pattern MT5 – Head and Shoulders:
An innovative indicator designed to detect regular, classic, and non-standard Head and Shoulders patterns with high accuracy, using smart filtering and prediction methods. It goes far beyond traditional pattern recognition tools by identifying both bullish and bearish formations, with clear conditions for neckline breaks, Fibonacci level reactions, and pattern symmetry.
King of Pattern MT5 includes two Methods for detecting patterns:
First Method:
I’ve explained the most important formations in the description and images.
Second Method:
This method is highly innovative and relies on preemptive prediction of the chart’s movement. It detects the left shoulder and the main head, then draws the “triangle” head and quickly displays the Early_quick_pips prediction line — even before the right shoulder begins to form.
This gives traders more time to anticipate price movement ahead of the full pattern.
In this method, Fibonacci level calculation is different — with level 0.0 starting exactly from the appearance of the Early_quick_pips line, which lies precisely at the top of the developing right shoulder.
I've included explanations in the images for the 6 most important rules of the King of Pattern – Head & Shoulders indicator.
Please review them carefully and read the detailed descriptions for each rule inside the images.
Rule 1: Classic Bearish Pattern
Rule 2: Classic Bullish Pattern
Rule 3: Various Bearish & Bullish Patterns
Rule 4: Opposite Pattern – A unique opportunity in itself
Rule 5: Fibonacci Resistance Levels – 23.6% or 38.2%
Rule 6: Head Triangles – Early Prediction (Early_quick_pips)
Fibonacci-Based Target Zones
The indicator automatically plots key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) to estimate potential target areas.
Its rule-based reactions to these levels create high-probability trade zones.
I will be sharing illustrative images explaining the indicator, followed later by real live trading screenshots demonstrating how to benefit from it in action.
https://www.mql5.com/en/market/product/141619
Wish you all the best
