Megaphone 1.0

Metatrader (MT4) Indicator

"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows."
- Jim Rogers
Find Megaphone reversal chart patterns easily with this fantastic and free indicator.
  • Easy to use
  • Customizable colors and sizes
  • It implements breakout signals
  • It implements alerts of all kinds
Boost your trading activity with the most flexible Megaphone patterns indicator ever created for the Metatrader platform.

Screenshots

Settings and Input Parameters

When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

Indicator Settings
The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.
Patterns
Choose the colors of the patterns.
Breakouts
The indicator implements breakouts to make trading easier. You can select the breakout period (in bars) and the color of the arrows to be displayed in the chart.
Alerts
Enable or disable alerts at will.
Frequently Asked Questions
Does the indicator repaint?
Does the indicator implement alerts?