Multi-Currency Big Candle Scanner Dashboard: Real-Time Bullish & Bearish Candle Detection Across All Timeframes(MT4/MT5) – Trading Systems – 21 December 2024

The Large Bullish/Bearish Candle Scanner Dashboard is a complete software designed to establish important bullish and bearish candlestick patterns throughout a number of forex pairs and timeframes. By leveraging varied analytical strategies, this dashboard supplies merchants with real-time insights into potential market actions, enhancing decision-making processes.

you’ll be able to obtain the MT5 model right here  Large Candle Scanner Dashboard MT5

Key Options

1. Multicurrency Monitoring:

   • Scans a variety of forex pairs, together with main, minor, and unique pairs.
   • Helps extra symbols like BTCUSD and XAUUSD for diversified buying and selling alternatives.

2. Multi-Timeframe Evaluation:

   • Screens indicators throughout varied timeframes, from M1 to MN1.
   • Permits customization to allow or disable scanning for particular person timeframes primarily based on buying and selling methods.

3. Complete Candle Evaluation:

   • Employs a number of strategies to detect important candlestick patterns:
     • Candle Dimension Relative to Common: Identifies candles whose dimension exceeds a specified a number of of the common candle dimension over an outlined interval.
     • Quantity Affirmation: Detects candles with volumes surpassing a set multiplier of the common quantity, indicating robust market participation.
     • Open-Shut Distinction: Highlights candles the place the open-close vary constitutes a big share of the whole candle vary, signaling decisive market strikes.
     • Physique Dimension vs. Wick Dimension: Finds candles with our bodies considerably bigger than their wicks, suggesting robust shopping for or promoting strain.
     • Dynamic Vary Filters: Makes use of the Common True Vary (ATR) to establish candles with ranges exceeding a a number of of the ATR, adapting to market volatility.

4. Customizable Alerts and Notifications:

   • Gives real-time alerts via pop-ups, emails, or push notifications, making certain merchants are promptly knowledgeable of serious market occasions.

5. Person-Pleasant Interface:

   • Shows detected patterns in a transparent, organized grid format, indicating the kind of sample and the variety of candles since its prevalence.
   • Gives customization choices for textual content dimension, panel dimensions, and colour schemes to go well with particular person preferences.

How It Works

The dashboard constantly scans chosen symbols and timeframes, making use of the required analytical strategies to detect important bullish or bearish candles. When a sample assembly the outlined standards is recognized, it’s displayed on the dashboard, and alerts are triggered as configured.

Enter Parameters

• Normal Settings:

  • EnableCandleSizeCheck : Allow/disable the Candle Dimension Relative to Common verify.
  • EnableVolumeCheck : Allow/disable the Quantity Affirmation verify.
  • EnableOpenCloseCheck : Allow/disable the Open-Shut Distinction verify.
  • EnableBodyWickCheck : Allow/disable the Physique Dimension vs. Wick Dimension verify.
  • EnableRangeCheck : Allow/disable the Dynamic Vary Filters verify.

• Candle Dimension Relative to Common Settings:

  • Lookback_Period : Variety of candles to calculate the common dimension.
  • Size_Threshold_Multiplier : Multiplier to outline what constitutes a “large” candle.

• Quantity Affirmation Settings:

  • Volume_Lookback_Period : Variety of candles to calculate the common quantity.
  • Volume_Threshold_Multiplier : Multiplier to find out important quantity.

• Open-Shut Distinction Settings:

  • OpenClose_Threshold_Percentage : Minimal share of the whole vary that the open-close distinction should signify to be thought of important.

• Physique Dimension vs. Wick Dimension Settings:

  • BodyWick_Ratio : Minimal ratio of physique dimension to mixed wick sizes to establish robust candles.

• Dynamic Vary Filters Settings:

  • ATR_Period : Variety of intervals for calculating the Common True Vary.
  • ATR_Multiplier : Multiplier to outline the brink for important candle vary primarily based on ATR.

Circumstances Applied

1. Candle Dimension Relative to Common:

   • A candle is taken into account important if its dimension exceeds the common candle dimension (calculated over Lookback_Period ) multiplied by Size_Threshold_Multiplier .

2. Quantity Affirmation:

   • A candle’s quantity is deemed important if it surpasses the common quantity (over Volume_Lookback_Period ) multiplied by Volume_Threshold_Multiplier .

3. Open-Shut Distinction:

   • A candle is flagged if absolutely the distinction between its open and shut costs is bigger than or equal to OpenClose_Threshold_Percentage of the whole candle vary (excessive minus low).

4. Physique Dimension vs. Wick Dimension:

   • A candle is recognized as robust if its physique dimension is bigger than the mixed higher and decrease wick sizes multiplied by BodyWick_Ratio .

5. Dynamic Vary Filters:

   • A candle’s vary is taken into account important if it exceeds the Common True Vary (calculated over ATR_Period ) multiplied by ATR_Multiplier .

Why Select This Dashboard?

The Large Bullish/Bearish Candle Scanner Dashboard gives a sturdy resolution for merchants in search of to establish important market actions throughout varied devices and timeframes. Its complete evaluation strategies, real-time alerts, and customizable interface make it a useful software for enhancing buying and selling methods and enhancing market entry and exit selections.

Observe: For optimum efficiency, make sure that the symbols to be scanned are seen within the Market Watch window, and alter the enter parameters to align together with your particular buying and selling preferences and danger administration pointers.