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Advantages of using the “2b pattern indicator”:

  • Automatically identifies “2b patterns” and plot them on the price graph.
  • Compatible with all instruments
  • Compatible with all ordinary timeframes and even on tick-charts!
  • Compatible with Heikin ashi, Renko, Ticks, Kagi, Three Line Break, and more
  • Any pattern size can be detected at the same time.
  • The signal is given in real-time and allows you to operate without any delay
  • Alarm: By setting the alarm you will receive the signal simultaneously on multiple markets and for all time units in real time.
  • This product works in any Futures, Forex or Stock/ETF Markets

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The “2b pattern” allows you to detect the trend reversal after a false breakout.

It can be used in several ways:

  1. Detect the end of a trend
  2. Scalping volatility

This indicator works brilliantly and fits among the best common chart patterns, it is a pattern that forms very often on any timeframe.

Interface of the indicator

 

  1. Depth: Value of the period, between a new maximum and a new minimum. This variable affects the size of the Pattern
  2. Deviation : It is the maximum of points to discard a new extremum. This variable affects the size of the Pattern.
  3. Backstep : is the maximum of bars to discard a new extremum and replace it, if a new one is found.
  4. DelaySignal: 2B signal persistence bars (allows you to adjust the persistence time of the signal)

 

Set Alarm:

In ProRealTime you can use the alarm to receive a real-time notification of the signal. Using alarm you can know at any time if the 2B pattern is occurring on other markets and other time frames.

  • Select the market
  • Select the time frame
  • Set the indicator on the chart or below the chart
  • Set the alarm

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