Assistant Indicator. Multiple Instruments. Multiple Timeframes. Multiple digits. It identifies different types of parabolas of "n" degree with the vertex at a distant candle and at a near candle. It uses the mean absolute deviation method for searching. It has multiple configurable parameters. Simple and convenient tool. It is a lite version of the product WY Pattern Searcher P6 I MT4.

Expert - version

The indicator parameters

Main:

• Show Basic Spline - display the main spline
• Show Help Spline - display the auxiliary spline
• Show Spline Labels - display the spline names (configured below)
• Use Following Spline - enable the following mode (pattern are drawn as they form)
• Play Warn. Sound On Detect - play a sound signal when a pattern is found
• Play Warn. Sound On Following - play a sound signal when the current pattern is completely drawn
• Play Warn. Sound On Following Break - play a sound signal when the current pattern changes
• Clean Old Splines - removes all the pattern from the chart except the last 'Splines In Memory'
• Splines In Memory - leave the last pattern on the chart
• Font Size - font size of the splines
• Font Y Coordinate Accumulation - Y offset of the text relative to the anchor point
• Font X Coordinate Accumulation - X offset of the text relative to the anchor point

Enable/disable searching for different types of parabolas:

• Searching PARABOLIC(a) - search for parabolas with the vertex at the distant candle and with a continuation as a horizontal line
• Searching PARABOLIC(b) - search for parabolas with the vertex at the distant candle
• Searching PARABOLIC(с) - search for parabolas with the vertex at the near candle

Parameters of a single parabola with the name "Par. Name":

• "Par. Name" Label - name of the pattern
• "Par. Name" Label Color - color of the name text
• "Par. Name" Main Spline Color - color of the main spline
• "Par. Name" Help Spline Color - color of the auxiliary spline
• "Par. Name" Help Dot Color - color of the auxiliary dashed line
• "Par. Name" Help Spline Y - the offset of the auxiliary spline from the top in points
• "Par. Name" Min Points Size - the minimum value of the spline on the Y axis in points
• "Par. Name" Max Points Size - the maximum value of the spline on the Y axis in points
• "Par. Name" Min Bougie Size - the minimum value of the spline on the X axis in candles
• "Par. Name" Max Bougie Size - the maximum value of the spline on the X axis in candles
• "Par. Name" Exponent - the highest power of the initial parabola (2 - standard parabola)
• "Par. Name" Relative Lengthening Left - extend the initial spline to the left (1.0 - extend by 2 times)
• "Par. Name" Relative Lengthening Right - extend the initial spline to the right (1.0 - extend by 2 times)
• "Par. Name" Average Deviation Of Peaks - relative average deviation of the peaks (High and Low)
• "Par. Name" Maximum Deviation Of Peaks - relative maximum deviation of the peaks (High and Low)
• "Par. Name" Average Deviation Of Medians - relative maximum deviation of medians