BEST TOOLS INDICATOR MT4 FINDS WEDGES, WHICH ARE CONTINUATION PATTERNS IDENTIFIED
This indicator finds wedges, which are continuation patterns identified by converging trendlines surrounding a price consolidation period. The indicator confirms the pattern breakout with a donchian breakout.
Easy to use
Customizable pattern size
Customizable colors and object sizes
It implements patterns and breakout signals
It implements alerts of all kinds
When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.
Choose the colors of the patterns.
The indicator implements breakouts to make trading easier. You can choose the size and color of the arrows.
Enable or disable alerts at will.