Job Description
The indicator is based on the Rails candle pattern. The difference in the size of the candle bodies and the size of the shadows can be adjusted in the settings.
Features of the work
The indicator works on the instrument and on the timeframe on which it is installed. The indicator looks for a pattern when a new candle appears, so it does not redraw.
Indicator Settings
- Сandle settings
- Size difference - candle body size difference, percentages;
- Shadow size - candle shadow size, percentages of total candle size (HL);
- Maximum size - maximum body size of the largest candle, points;
- Minimum size - minimum body size of the largest candle, points;
- Maximum size by ATR - the maximum body size of the largest candle, ATR coefficient (0 - not used);
- Minimum size by ATR - minimum body size of the largest candle, ATR coefficient (0 - not used);
- ATR period - the period of the ATR indicator, for calculating the size of the candle;
- Search period settings
- Search period type - you can choose one type of search: by candles or by date;
- History depth - depth of history to search for signals, 0 - searches on the full history, candles;
- Search start date - the date from which the search for signals begins, date;
- Message settings
- Allow to use alert - when a signal appears, a dialog window appears in the terminal;
- Allow the use of sending messages to the mail - when a signal appears, the program sends a message to the mail;
- Allow the use of sending push notifications - when a signal appears, the program sends a push notification to the phone;
- Arrow display settings
- Indent for the up arrow - indent down from the Low price of a closed candle to display the up arrow, points;
- Indent for the down arrow - indent up from the High price of a closed candle to display the down arrow, points;
- Estimated profit settings
- Get estimated profit data - the function of quick calculation of the estimated profit / loss in points for all the signals found, to determine the profitability of the settings;
- StopLoss - distance to loss limit, points;
- TakeProfit - distance to profit taking, points.
This version is not final, the indicator will expand its functionality.
If you have any questions about the indicator, please contact via personal messages at the link .
Version for MetaTrader 4 at the link .
