On this occasion I will review an indicator that is very important when you want to find signs of price reversal or continuation of the price in forex market. As we know that the candlestick pattern is a very strong indicator for determining the price reversal or continuation of the price that has been widely used by traders in analyzing trade because of the degree of truth of this strategy is very high.
When you are still very common with candlestick patterns will be very helpful at all when there is an indicator that can help you to see what pattern is being formed and I can understand that when studying the candlestick pattern will be hard to remember of many candlestick patterns that exist both for reversal or continuation pattern. The feeling of doubt will always arise when you try to guess what the pattern was formed on the chart. Therefore Candlestick Chart Pattern Indicator will greatly help you when you want to more understand about candlestick patterns that were formed in the chart.
Here is a view of Candlestick Chart Pattern Chart Indicator on Metatrader 4 In Pairs EUR / USD:
Looks clearly in the image above that the indicator notify the trader about the pattern that is being formed and is also equipped with a warning for making you easier to recognize so you will not miss any of the patterns when you trade. Can be seen in the image above formed several patterns such as Bullish Engulfing and Bearish Engulfing pattern. Actually there are many candlestick patterns that can be displayed by this Indicator but I do some settings to only show Bearish and Bullish Engulfing as shown above. Here are a few patterns that can be displayed on the this Indicator chart pattern:
As seen above, there are options such as Bearish Engulfing pattern, Three Outside Down, Three indise Down, Dark Cloud Cover, Bullish Engulfing, Three Outside Up, Three Inside Up, Piercing Line, Three White Soldier, Stars, Harami. You can see there are so much patterns that can be displayed by this indicator so that it can greatly help you in understanding chart patterns and on the top there is the option Show Alert function to alert you when there is a pattern chart that is being formed.
Using this indicator is very easy, you just need to change the value from true to false to disable the function of the pattern that is shown in the chart. It's easy just a click away and will show you the pattern in your chart. If you want to download please:
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