M and W pattern is a classic 5 point pattern - including double top. double bottom. Just type in M pattern or Merill Pattern in google See this is MT4 article on Pattern recognition - some guys are even trying to program to recognize pattern. url

EURUSD

EURUSD is about to complete M pattern and it has breached lower BB band. It is possible that it will go a bit more but since it has breached lower BB band ( 20,2), I would just wait until it bounce back to long. For that, I have closed my short ...

EURUSD

Also, you may go to this thread and seek help there. There will be a lot of people looking for similar in this thread. url

Seeking a simple indicator

There is MA-Crossover alert.mq4 in this link. url I think it has all the basic of what you looking for. For what you want, you just have to change a bit to get diff between two MA. Basically, if previous diff didn't meet condition and current diff ...

Seeking a simple indicator

I think this is classic M pattern and has some way down. Short position at this time with TP at 1.10463 image

EURUSD