WH Advanced Gartley Pattern MT5

Overview of the WH Advanced Gartley Pattern MT5

• The WH Advanced Gartley Pattern MT5 is a powerful indicator designed for the MetaTrader 5 platform.
• This indicator uses Fibonacci levels to accurately recognize the Gartley pattern based on price structure.
• It works efficiently on any symbol and time frame, giving traders flexibility in their approach. 📈

Key Features

• Advanced algorithm that ensures high accuracy in detecting Gartley patterns.
• Fast performance with low resource consumption, suitable for various trading setups.
• No lag and no repainting, providing reliable signals at the D point of the pattern.
• Allows customization of Fibonacci levels to fit personal trading preferences.
• Supports simultaneous display of bullish and bearish patterns. 🔍
• Trade levels can be shown on the chart with adjustable target and stop loss settings.

Input Parameters

• MaxBars: Sets the maximum number of bars to look back.
• XLegBarDepth: Adjusts the depth of the high and low points in the price structure.
• ShowBearish: Option to display bearish Gartley patterns.
• ShowBullish: Option to display bullish Gartley patterns.
• BearishColor: Customize the color for the bearish Gartley pattern outline.
• BlevelMinRT: Minimum Fibonacci retracement for the B level.
• Target1 and Target2: Set the target levels based on Fibonacci levels.

User Experience and Feedback

• The indicator has received positive feedback due to its effectiveness in identifying turning points in the market.
• Users appreciate the customizable features, which allow for a personalized trading experience.
• The ability to show multiple patterns simultaneously enhances analysis and decision-making. 🏆

Future Developments

• Future updates are expected to include additional harmonic patterns, enhancing trading opportunities.
• Upcoming versions aim to integrate more customizable options and alerts, improving user experience.
• Long-term plans include creating a scanner that detects patterns across various pairs and timeframes, providing real-time updates.