Bheurekso Pattern Indicator
The Bheurekso Pattern Indicator for MT4 automatically recognizes all candlestick patterns and display them on the chart.
CATEGORIES: MT4, SIGNAL, PATTERNS, INFORMATIONAL
Updated on: 11.12.2023
In the forex market, the Japanese candlestick is used basically to understand price action analysis. Every single, dual and triple candle formation has a specific meaning on the chart. These candle formations can be used to determine the bull or bear strength. Moreover, the candlestick formations can give a valuable clue whether there will be a price reversal or continuation. These candlestick formations can be easily identified by using the Bheurekso Pattern Indicator for MT4.
The foundation Bheurekso Pattern Indicator
The Bheurekso Pattern Indicator for MT4 helps traders automatically identify every candlestick pattern that formed on the chart. This indicator scans all candles, recognizes and then displays any candle patterns formed on the chart. The candle displayed can be Bullish or Bearish Engulfing, Bullish or Bearish Harami, and so on.
The Bheurekso Pattern Indicator does not only display the chart pattern but also shows the support and resistance levels. These levels are shown with horizontal lines on the MT4 chart. This indicator also gives possible reversal signals and thus, an entry point (buy and sell entry).
The diagram below is an overview of the Bheurekso Pattern Indicator on the MT4 chart.
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