Almost all PatternExplorer tools have alerts implemented, and they consist of three chart parameters as shown below. In the automatic analysis parameters, there is a fourth parameter, called “Use chart alert parameters” which allows syncing the chart settings with automatic analysis. The default parameter value is No but can be changed to Yes in the […]
Alert 1 uses the market price for generating alerts. To use this tool draw a support and resistance line and define both lines as support or resistance through the line properties. This tool has parameters to determine an alert area to trigger alerts whenever the price moves into this area. There are two options to […]
Alert 2 is similar to alert 1 with the difference that it uses an indicator value instead of the market price. The default indicator implemented in this tool is the Taio indicator which you can change in the formula to your preferred indicator. The line below exists in the current version in line number 46. […]
Alert 3 uses formula conditions to generate alerts. Inside the formula there is a code block for buy, sell, short and cover rules. The signals from these rules are shown visually through green and red arrows. Filled arrows are displaying buy and sell signals while non-filled arrows displaying short and cover signals. The formula contains […]
Price: Price Style Source can be used to choose between the AmiBroker price style and PatternExplorer price style. You can select the price style (candle, bar, line) through AmiBroker settings if you use the AmiBroker style. With PatternExplorer style selected the chart uses the chosen parameters from the dialog. Price Style allows choosing between candlestick, bar, […]
Ichimoku translates from Japanese into English as “one look.” A Japanese newspaper writer created this charting technique in 1969. Read more about this technique: http://www.google.com/search?q=google.com/search?q=Ichimoku ParametersThe indicator comes with alerts and Ichimoku characteristic parameters. The indicator implements a standard crossing strategy as described below. Buy = cross Tenkan over Kijun-SenSell = cross Kijun-Sen over Tenkan […]
This tool shows the performance over the visible charting area and therefore contains no automatic analysis functionality. The indicator uses the default symbols of the Yahoo data feed. They can be changed through the parameter window and also through the code in the customization file PE – Customization.afl
The rainbow chart plots multiple averages together. You can define the amount and types of moving averages through the parameters. Up to 10 different averages are available. Default buy & sell conditions are listed below. This tool displays also buy and sell shapes when the fastest average crosses the slowest average. Example settings: Fastest average […]
Composite indicators are indicators that are calculated through prices or indicator values of multiple markets. They are not available in real-time, but they can be recalculated automatically in your desired interval through the automatic analysis feature “Auto-Repeat”. Every time your database receives new market data the composite indicators have to be also updated to be […]
At your first use, you have to set up your reference market to calculate a relative strength indicator. Please open the file PE – Configuration.afl with the editor. Inside the formula you will find the following lines at the top of the file, which defines the default market: Just change it to your desired market. […]
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