The 123 indicator accurately signals both trend reversals and continuations. At the end of a trend, if the 123 pattern forms in the opposite direction (e.g., a bearish 123 after a bullish trend), it’s a strong sign that the trend is about to reverse. Conversely, if the pattern develops along the main trend (e.g., a bullish 123 in an ongoing bullish trend), it indicates a likely continuation of the movement, with a new high/low.

This strategy is one of the most profitable techniques for entering the market.

MAIN FEATURES:

• Real-Time Detection: The Indicator 123 patterns as they form, offering constant updates on trading opportunities.
• Distinct Signals: Generates signals for both forming and completed patterns, maximizing flexibility for traders.
• Advanced Customization: With customizable parameters, the indicator adapts to various trading needs and strategies.
• Universal Compatibility: Works on all markets and timeframes available on ProRealTime.
• Versatility: Suitable for various trading styles, from short-term to long-term.

HOW IT WORKS

Our algorithm detects the maximum and minimum points that form a 1-2-3 figure, if a new model is formed, it will automatically appear on the screen and will not disappear. Level 2 will be the resistance to be breakout for a long order configuration, or the support to be breakout for a short order configuration. If level 2 is broken and the candlestick closes beyond the determined level, the indicator arrow will be fixed on the chart as shown in the following pictures:

• EASE TO USE:
  Intuitive and simple interface for setup and customization. (see manual)

KEY FEATURES:

• Detection: Detects patterns in formation and completed, generates two distinct signals for advanced use of other applications or for the alarm function
• Display and Notifications: Clear signals on the chart and options for custom alarms.

ADVANCED CUSTOMIZATION:

Users can adjust various parameters such as:

• The size of the pattern to be detected.

EXTENDED FUNCTIONALITY:

• Real-Time: Detects patterns as they form, offering traders the opportunity to act promptly.
• Alarm: Automates searching, allowing traders to focus on executing trades.
• FREE Screener: Automates searching for patterns on selected markets and timeframes, allowing traders to focus on executing trades.
• Flexibility: Suitable for Futures, Forex, Stock/ETF, and other markets.

Conclusions and Benefits:

The DTB Indicator is a simple yet powerful tool for traders seeking precision and flexibility in technical analysis. Its customization capability and intuitive interface make it suitable for a wide range of trading strategies, significantly enhancing the effectiveness of trading decisions. Detects patterns in formation and completed, generates two distinct signals for advanced use of other applications or for the alarm function.

MANUAL:

The manual with all the necessary information to use the indicator to its fullest is available at the following link:

https://market.prorealcode.com/wp-content/uploads/2024/10/123-indicator-MANUAL-22012024-EN.pdf

We offer for free the screener once you have bought this product.