SmartPattern is a powerful indicator for the MetaTrader 4 and MetaTrader 5 platforms exclusively available for ActivTrades Live clients.
This amazing tool automatically detects chart patterns, scans historical data to find recurrences, and generates detailed statistics about potential upcoming market movements. All data can be easily and clearly identified on your charts, helping you save time and highlighting trade opportunities that may otherwise be missed.
The tool has been specially designed to fit all kind of traders – from beginners to experts – and can be used on all chart timeframes to increase forecast possibilities.
SmartPattern is the perfect solution for traders believing that history repeats itself!
Bars processed: Displays how many bars have been scanned
Similar patterns found: Displays how many similar patterns have been found from the historical data
Patterns with positive change: Displays how many similar past patterns ended up with a positive change
Patterns with negative change: Displays how many similar past patterns ended up with a negative change
Price range for next 20 bars: Displays the potential price range for the next 20 bars
Expected price after 10 bars: Displays the expected target price in the next 10 bars
Expected price after 20 bars: Displays the expected target price in the next 20 bars
Average targets: Displays the potential upcoming average movement of the market
Average up targets: Displays the potential upcoming uptrend movement of the market
Average down targets: Displays the potential upcoming downtrend movement of the market
- In your MetaTrader platform, go to: File / Open data folder and save the SmartPattern files (SmartPattern and SmartPattern helper) in folder MQL4\Indicators (if you use MetaTrader 4) or MQL5\Indicators (if you use MetaTrader 5).
- Restart the platform.
- Go to Navigator / Custom Indicators and drag and drop “SmartPattern” indicator onto a chart.
SmartPattern is available only to ActivTrades Live account holders.
If you are not a Live account holder yet and wish to become one, please click here.
The provision of these indicator forecasts should in no way be considered as investment advice from ActivTrades or any related party. The indicators are for information purposes only and should not be used as a basis for investment decisions. Past performance is not indicative of future results. Please ensure that you fully understand the risks involved and seek independent advice if necessary.