M W Scanner

Overview of M W Scanner

• The M W Scanner is a powerful trading indicator designed for detecting reversal patterns in the Forex market, particularly Double Top (M) and Double Bottom (W) formations.
• This tool simplifies trading by allowing users to scan multiple charts and timeframes with just one click.
• By utilizing Fibonacci levels and candlestick patterns, it identifies optimal entry and exit points for trades.

Key Features

• One-click scanning for all charts including Forex, Crypto, Indices, and commodities.
• Supports various timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN.
• Provides notifications for stop-loss, take profit, and entry-level levels for ease of trading.
• Utilizes both engulfing and breakout methods for pattern recognition.
• Customizable alerts based on user settings to avoid churning unnecessary notifications. 📈

Input and Display Options

• Scanner enables evaluation of a specified number of historical candles.
• Allows for configuration of the re-scan timer to automatically reevaluate charts.
• Display options permit users to toggle the visibility of stop-loss and take profit levels.
• Font and color customization for better visibility of patterns and alerts.

Alerts and Notifications

• Users can enable or disable alerts via push notifications depending on their trading schedule.
• The alert system includes features to limit duplicate notifications for the same pattern.
• Time-sensitive alerts can be set to match the user's active trading hours, ensuring no opportunities are missed. ⏰

Performance and User Feedback

• The M W Scanner boasts a high user rating of 5.0, based on multiple user reviews and experiences.
• It is noted for its ease of use, giving both novice and experienced traders a robust tool for market analysis.
• The lack of repainting feature increases the reliability of the signals generated.

Conclusion

• With its user-friendly interface and powerful scanning capabilities, the M W Scanner is an essential tool for traders looking to leverage classic reversal patterns in their trading strategies.
• Its advanced features not only streamline the trading process but also enhance decision-making by providing real-time alerts and notifications. 🚀