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Head and Shoulders 3.0

Metatrader Indicator (MT4/MT5)

  • Overview

    Head and Shoulders is a specific chart formation that predicts a bullish-to-bearish trend reversal, or vice-versa for the inverted variant. It is believed to be one of the most reliable trend reversal patterns. Find Head and Shoulders patterns easily with this 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 Head and Shoulders patterns indicator ever created for the Metatrader platform.

  • Input parameters
    Input parameters

    When loading the indicator or EA 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.
  • ? FAQ
    Does the indicator repaint?
    Yes, the indicator can repaint if the market ignores a pattern and keeps moving in the same direction.
    Does the indicator implement alerts?
    Yes, it does. It implements alerts of all inds.
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

Head and Shoulders Indicator for Metatrader
Head and Shoulders Indicator for Metatrader
Head and Shoulders Indicator for Metatrader
Head and Shoulders Indicator for Metatrader
Head and Shoulders Indicator for Metatrader