PatternScanner EA 2016 is an information sheet in the which are the indications of the current trend on all pairs, Price action scanner (recognizes Pin Bars, Outside Bars) runs in the background on a chart and constantly searches for trends that give the best chance of profit (up to 40 pairs and 6 time frames). Also, show the spreads current and ADR, strength, Stochastic Divergence and MACD. The strongest signals are those marked with a numbered rectangle:
Smash Day - a signal that is more likely to change the daily trend. This is the best signal of the strategy on which the greatest profits are captured.
Slingshot - shows the excess buying of a currency. Slingshot is a signal to change the uptrend bearish and vice versa.
PinBars - scans H4 charts and provides signals for long-term purchase or sale.
Meaning of symbols: An asterisk indicates a stable movement; An arrow indicates start of movement; of the Waves indicate a steady trend.
Double-clicking on the signal icon opens the graph of this pair with a separate window preloaded the "EFC" template, with the special EFC indicator showing in the current graph, in relation to last 50 candles, EVENTUAL price patterns; this means that, in the absence of a signal, it does not will show no particular indication. It also works on indices, precious and CFDs in general. The yellow area acts as an RSI trigger, followed by a blue zone, if a divergence is recognized, and finally the red (or blue) zone in case of SELL or BUY signal respectively, with relative arrow. The fact that it gives a signal, with relative price target, does not give the certainty of victory, it should be verified, it is recommended to enter with little struggle increasing as you go