The "123PatternsV6.03 & mtf nmc" is a multi-timeframe compatible indicator that identifies and displays 123 patterns.


"123PatternsV6.03 & mtf nmc" is an indicator designed to recognize and display 123 patterns.

123 patterns aim to identify breakouts at the following points:

Point 1: The initial high or low that indicates a reversal point in the trend.
Point 2: The second high or low that serves as a sign of trend reversal. It must surpass or fall below Point 1.
Point 3: The third high or low that confirms the trend reversal. It must surpass or fall below Point 2.
123 patterns are useful for identifying trend reversals and turning points by utilizing price movement patterns. This indicator allows you to monitor 123 patterns across multiple time frames.