Thread: 1-2-3 Pattern indicator

The best 1-2-3 pattern indicator currently available on the web.

Originally Posted by way2Freedom

Dear funyou,

How shall I use this pattern? I want to use it for a confirming a signal, so basically it would be perfect if the output of the this indicator is either :

1 -> if the 123 pattern is for a buy signal
-1 -> if the 123 pattern is for a sell signal
0 -> if the 123 pattern has no signals


Please advice,

Cheers,

way2Freedom

Hi way2Freedom,

When you see :

- The green trendline, it is a buy signal,
- The red trendline, it is a sell signal,
- Nothing, there is no signal.

Originally Posted by way2Freedom

Thanks for quick reply.

As I need to use this indicator in a mechanical system. Is there a way to update the indicator to have value as an out put (-1,0,1). In that way I can get the value by using icustom(Null,0,"1-2-3 patter",..,1,i) and based on the output (-1,0,1) I can confirm the signal in a mechanical way.

Cheers,

freedome001

See in the code, there is :

SetIndexLabel(6,"D_Retrace");
SetIndexLabel(7,"U_Retrace");

I think that you can use this :

icustom(Null,0,"1-2-3 patter",..,6,i)!=EMPTY_VALUE
or
icustom(Null,0,"1-2-3 patter",..,7,i)!=EMPTY_VALUE
or
icustom(Null,0,"1-2-3 patter",..,6,i)==EMPTY_VALUE && icustom(Null,0,"1-2-3 patter",..,7,i)==EMPTY_VALUE

Originally Posted by way2Freedom

One more question about this indicator

it doesn't repaint, does it?

Yes the trenline is repainting.

Originally Posted by psychoo5

Hi Funyo it is possible to make EA for this indicator ??

Hi psychoo5 and welcome,

I have tried, but without any success for the moment.