"McDonalds Pattern-Bzier Curve" logo
McDonalds Pattern-Bzier Curve
"McDonalds Pattern-Bzier Curve" uploaded image
"McDonalds Pattern-Bzier Curve" uploaded image
"McDonalds Pattern-Bzier Curve" uploaded image
Since 03/10/2024
144
Sales
32.65K
Free installs

🚀 10,000+ traders already use our TOP indicators🏆

Discover why professionals choose us – the most powerful tools on cTrader (indicators, algorithms, and cBots) are waiting for you.

👉 Get all our TOP systems here:

_______________________________________________

📌 Market Structure Indicators

·     ✅ AdvancedMarket Structure: Bos, Choch, SwinLevels, Order Blocks,  Market Structure& Liquidity Finder

·     🔄 Dynamic Market StructureAnalysis of Turning Points

·     🧱 Order Block

·     ⚖️ Market Imbalance

·     ⛓️ BOS & CHOCH

·     🧠 ICT Power of 3

·     🌀 Market Polarity Zones

_______________________________________________

🔚 Smart Exit Systems

·     📍 Trailing Smart Algorithm

_______________________________________________

📐 ZigZag Indicators

·     🔍 ZigZag Price LiquidityProjection

·     🧭 S&R Structural ZigZag

·     ➖ ZigZag

·     🎯 Zig-Zag Extremity Tracker

_______________________________________________

🧱 Support & Resistance Indicators

·     🟩 SmartTrend Support &Resistance Lines

·     🧱 All Support and ResistanceLevels

_______________________________________________

📊 Trend & Channel Indicators

·     🔄 Auto-Trend Channel

·     📊 Supertrend

·     ⚡Momentum Trend Analyzer

·     🧠 Adaptive Trend Channel

·     💥 Channel Breakout System

·     🌈 Dynamic Trend Gradient

·     ⭐ PREMIUM SSL CHANNEL

·     🔁 Reactive Moving Average

_______________________________________________

💧 Volume & Liquidity Tools

·     🔥 Volume POC Heatmap

·     📉 Leverage Liquidation Map

·     🔍 Momentum Fair Value Gap

·     🕒 Fair Value Gap Sessions

_______________________________________________

Momentum & RSI Indicators

·     📈 RSI Trend Trigger

·     🚀 Dynamic Range Momentum

·     🔎 Multi-Level Candle Bias
Tracker

_______________________________________________

🔮 Prediction & Projection Tools

·     📐 Prediction Based on Linreg& ATR

·     📏 Fibonacci Linear RegressionMulti-timeframe

·     📈 Volume-Powered Market Flow Projector

________________________________________________________________________________________________________

________________________________________________________________________________________________________

McDonalds Pattern Bézier Curve 🍟

What is it for? 🤔
The "McDonalds Pattern Bézier Curve" indicator is designed to identify and visualize price reversal patterns using Bézier curves. Its main objective is to detect market structures that resemble arcs (similar to an "M" or "W") on the charts, which could indicate potential trend changes 🎯. Additionally, it includes a scoring system to evaluate the quality of the detected pattern.

How does it work? ⚙️

  1. Pivot Detection:
    The indicator analyzes a lookback period (defined by "Lookback Period") to identify local highs and lows (pivots). These are marked with circles on the chart: ⚪
  2. Bézier Curves:
    Once at least 5 pivots are detected, the indicator draws two arcs using Bézier curves that connect these points. These arcs aim to smooth the transition between pivots to form a visual structure similar to twin arches ("Golden Arches") 🏛️.
  3. Colored Zone:
    If enabled, an area is drawn between the first and last pivot. The color of this zone depends on the pattern's direction:
    • 🟢 Green: Bullish trend (if the last pivot is higher).
    • 🔴 Red: Bearish trend (if the last pivot is lower).
  4. Pattern Score:
    It calculates a percentage that reflects the symmetry and quality of the arcs. A higher score suggests a better-defined pattern.

Is it repainting (Replotting)? 🔄
Yes, this indicator repaints. This means its drawings and detections can change retroactively as new price data is obtained. This is because the identification of those inflection points is based on observing a certain number of bars after the formation of the potential pivot. Therefore, what seems like a confirmed arc in historical data could be adjusted or disappear when applied to live charts 📊.

It could be used as complementary aid in technical analysis.

How could it be used? 💡

  • 📚 Backtesting Analysis:
    Useful for studying historical patterns and evaluating their effectiveness on different assets or timeframes.
  • 👁️ Visual Confirmation:
    Can complement other analysis tools (like support/resistance or moving averages) to validate potential reversals.
  • 🎓 Education:
    Helps in recognizing market structures based on Bézier curves, although its use in live trading requires additional verification.

Limitations and Recommendations ⚠️

  • Real-Time Use:
    Since it repaints, it should not be used as an independent signal for market entries or exits.
  • Optimization:
    Adjust the "Lookback Period" according to the asset and timeframe to reduce false signals.
  • Market Context:
    Works best in trending markets and not in sideways/ranging markets.

Important Note: 🚨
Given its reliance on future data for confirmation, it should be used primarily for analyzing already occurred events, such as post-market-open declines or educational chart exercises, rather than for predictive or live trading purposes. Although its approach is innovative, it must be used alongside other indicators and analysis to avoid false signals due to its repainting nature. It is ideal for backtesting studies or as an educational complement in trading strategies.

Indicator profile
0.0
Reviews: 0
Customer reviews
No reviews for this product yet. Already tried it? Be the first to tell others!
BTCUSD
Forex
Breakout
EURUSD
XAUUSD
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

More from this author

ZigZag filters noise, spots trends, patterns, pivots, aiding analysis, trade management, and confirmations. 📉📈
Identify bullish and bearish Order Blocks to spot key support/resistance levels and potential trend reversals! 📈🔄
📊 Shows volume by price levels, highlights POC, and key zones. Identifies dynamic support/resistance and imbalances.
Market structural patterns , specifically the concepts of Change of Character (ChoCH) 🔄 and Break of Structure (BoS) 💥
Adaptive trend channel using linear regression and Pearson correlation for dynamic support, resistance, and trends.
"Identify key market zones and visualize support/resistance from multiple timeframes on a single chart.
identify and highlight temporary market inefficiencies known as "fair value gaps" 🚨 within specific trading Sessions.
💹 Define a price channel 📈 and determine trend direction (bullish 🟢 or bearish 🔴).
📊Zones Supply & Demand: Identifies key price levels with high volume concentration, marking Supply/Demand Zones & Marke
Identify market structure effortlessly with swing highs, lows, CHoCH, and BOS levels for smart trading decisions! 📊🔍"
Detects bullish and bearish divergences
Advanced price action tool that combines multiple technical analysis concepts

You may also like

Allow trader to visualize Support & Resistance across different timeframes,give trader an overview of the current market
Heikin Ashi (Heiken Ashi) - This indicator displays Heikin Ashi candles.
Tick Runs Bars extends market microstructure analysis by detecting directional persistence in trading flow.
With this Fibonacci retracement indicator, traders have full control over the retracement levels displayed on the chart.
TwoSMA indicator detects trend via SMA crossover, filters flat markets with ATR, and provides clear BUY and SELL signals
A powerful RSI-based hunter that detects early reversals and snipes market turning points with high accuracy.
Great signal indicator, works with bollinger bands and heikin ashi candles! one of our latest innovations!
VWAP + Swing Liquidity + SFP Signals — detects liquidity sweeps with color-coded alerts.
Custom and native timeframes display with OHLC lines, moving averages, and Fibonacci levels.
Plot higher-timeframe Bollinger Bands for clearer structure, pullback zones, and breakout signals—without switching char
Daily Fibo
BR Master Trend indicator
HCCC MTF (Hurst Cycle Composite Channel), Designed for Semi-Automated Trading, Interactive MTF Dashboard
Add Slowing to IR Moving Average.
Market session indicator (Asia, Frankfurt, New York, London)
Auto Fibonacci Retracement Pro – Smart Swing & Golden Zone Levels
Dynamic Liquidity Depth exposes hidden volume
Previous HLOC – Smart Higher-Timeframe Levels for Precision Trading.
Since 03/10/2024
144
Sales
32.65K
Free installs