Parameters configuration

Offset – control of the space between signal and candles

Offset2 – control of the space between signal and patterns candles. Useful in case the pattern1 and Patter2 is used simultaneously, so as not to have overlaps of signals

Pattern1 and Pattern2 – Selection of one of the patterns or both

Envelope – Selection of the Envelope pattern

Valueenvelope – defines the volatility value of Envelope. Depending on the tool used, it can be adjusted in order to have the best signals. Of default is selected at 2 atr.

Filter, Filter2 and Filter3 – Three different filters of the Envelope pattern.

Engulfing – Pattern Engulfing at the ends of the Envelope

EMAHL – This filter applies to Envelope a different calculation. In fact, the upper band of the Envelope is calculated on an EMA calculated on the maximum, while the lower band from a EMA calculated on the minimum. It can be applied to all patterns.

FILTERATR – This filter defines the signal only if ATR is greater than its above ema.

MINRANGECLE – This filter defines the minimum range of the signal candle.

This indicator is completed by another indicator to be inserted under the graph to activate an alarm. It can be configured with the same parameters as the EV-Multipattern-3.0 and inserting a horizontal line below 1 you can activate the alarm.