Find Pattern EURUSD
The program allows for the selected graph candle combinations to find the most similar sites in the past and make a forecast based on them.
Work with the application is very easy - just select the graph you are interested in a sequence of bars ( "sample"), and the program will find all related to his areas in the past ( "patterns"), and will add them to the current prices.
This is a free, fully functional version. Powered by tools contained in its title "EURUSD". The paid version that works on any instrument, you can purchase here.
program settings
To find the most similar "patterns" in the menu "Search settings" You can select one of the following algorithms:
- Finding module vector, built between the "model" and the desired "pattern" in a multidimensional space (Distance). The smaller unit (min 0) - the more like "pattern" to "sample".
- Finding the Pearson correlation coefficient between the "sample" and the desired "pattern" (Pearson's r). The higher the correlation coefficient (max 1) - the more similar "pattern" to "sample".
The program supports 2 methods of combining prices "sample" and found a "pattern":
- relative prices open "Sample" of the first bar.
- About the mean "sample."
To take into account the volatility of "patterns" in selecting the 2nd method, and to accelerate the search when selecting the 1st method, it is possible to set the minimum standard deviation of the ratio of "sample" to standard deviation "pattern" (Min. SD ratio). The closer this ratio is to 1, the smaller the standard deviations are different prices "pattern" and "sample".
On the menu "Search settings" it is also possible to ask:
- Language Program (Russian / English);
- The number of bars in the "sample" and the target component "pattern";
- The date of the first bar in the history with which to start searching, or the total number of bars in history;
- The total number of the closest "patterns" of stored program during the search.
On the menu "View settings" performed setting of the displayed graphical objects and constructions. The basic graphic elements are:
- A pointer to the current bar. It shows the first bar of "sample". The program for "patterns", only takes into account the price open this bar. For all other bars cover prices open, high and low.
- Market Profile. Is based on the predictive component of all found "patterns". The wider profile, the more time the price was at this price level.
- The line of maximum and minimum prices. It is the largest of all the prices found high and least of all prices found low.
- the average price line. It is based on the price open, high and low.
On the menu "Color settings" there is a choice of color for all elements displayed on the graph. For lines also possible to select the thickness and line type.
On the menu "Result" you can go to the found "patterns" for their detailed study, also displays the values of all defined parameters in the program. Possible to exclude from the forecast any found "patterns", if for some reason you do not like.
The program itself stores all your settings and automatically load them at startup.
recommendations
- Program settings are stored separately for each symbol period, and in the folder "MetaTrader 5 \ MQL5 \ Files \ FindPattern". If you want to return all program settings to their original state, then simply delete the folder "FindPattern ".
- It should be understood that even if the price behaved in a certain way 10 times - it does not mean that it will continue to behave similarly. These instruments should be used as a supplement to its trading system, as well as to test the signals of other indicators. You should not take a decision on opening a position, relying solely on its recommendations.
- It does not work in the strategy tester.
- The program does not redraw their testimony and "looks" into the future. This allows testing it directly on the chart.
- For optimum performance, the program requires a deep history of quotations.
In the program, there are many unique:
- to Market: 1, 2, 3, 4.
- in Code Base: 1, 2, 3, 4, 5.
Video
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