Dearests Bilbao and Mladen,bilbao wrote: ↑Sat May 27, 2017 9:48 pmMerrill pattern mt4 version
Sometimes it’s good to go back to basics. Arthur Merrill, the author of Behavior of Prices on Wall Street, compared the market to a warped roulette wheel. It has a bias and often tips its hand. One way it does this is graphical, in the relation of swing legs to one another.
John Bollinger brought Merrill to the attention of the online world some years ago when he posted Merrill’s 16 W and 16 M patterns. These patterns, of course, all have four legs, but they differ in their message to traders. They’re a one-page Cliff Notes for pattern traders.
Merrill’s Categorization of M and W Patterns
Technical Patterns Merrill’s Patterns
Head and shoulders W6,W7,W9,W11,W13,W15
Inverted head and shoulders M2,M4,M6,M8,M10,M11
There are errors compiling the indicator included "fivepattern_mq5.mq4" ... is that possible to correct it ... ???
Thank you for your contribution ...