🚦 “No Trend Goes Unnoticed – Detect In & Out Candlestick Patterns Instantly!”

📌 Indicator Overview

Name: NO SIGNAL

Version: 1.00

Platform: MetaTrader 4 (MT4)

Chart Type: Main Chart Window

Type: Candlestick Pattern Detector

Visual Style: Histogram-style vertical line markers

Developer: R.KH 1001

Website: https://www.robomql.com

This indicator is built to detect and visually highlight two specific candlestick patterns:

IN pattern (bullish engulfing structure)

OUT pattern (bearish engulfing structure)

🧠 How It Works

The indicator scans through historical candles to identify two types of 2-bar reversal patterns based on price action comparisons. It evaluates highs, lows, opens, and closes across three consecutive candles and displays signals visually as vertical histogram bars on the chart.

🔍 Pattern Definitions

✅ IN Pattern (Bullish Reversal Signal)

Triggers when:

Current Low Previous bar's Low

Current Close Previous bar's Close

Previous Close Previous Open (bearish candle)

Current Close Current Open (bullish candle)

Interpretation: The market is potentially reversing upward.

❌ OUT Pattern (Bearish Reversal Signal)

Triggers when:

Current High Previous High

Current Close Previous Close

Previous Close Previous Open (bullish candle)

Current Close Current Open (bearish candle)

Interpretation: The market is potentially reversing downward.

⚙️ Input Parameters

ParameterTypeDescription

Show_AlertboolEnables/disables alerts when a pattern is found

Display_OutboolEnables display of bearish "Out" pattern on chart

Display_InboolEnables display of bullish "In" pattern on chart

📈 Visual Output

The indicator uses two buffers:

val1[]: Bottom of histogram line

val2[]: Top of histogram line

The histogram visually connects high and low of a bar where a signal is found.

Color coding:

Lime (Green) for bullish IN patterns

Aqua (Blue) for bearish OUT patterns

Line Widths:

IN pattern = thicker line

OUT pattern = thinner line

🔔 Alerts

The indicator issues alerts for each detected pattern only once per bar.

Alerts display the type of pattern (IN or OUT) along with the chart’s timeframe.

🛠 How to Use

Attach to Any Chart: Works on all timeframes (M1 to MN).

Enable/Disable Patterns as Needed: Toggle Display_In and Display_Out depending on which patterns you want visible.

Interpret Signals:

IN pattern → Potential long entry or bullish trend continuation.

OUT pattern → Potential short entry or bearish trend continuation.

Use in Confluence: Combine with trend indicators (e.g., MA, MACD) or support/resistance for more reliable decisions.

🧑‍💻 Developer Information

Name: R.KH 1001

Website: https://www.robomql.com