Candle Patterns
Indicator
Topnotch detector of candlestick patterns. Indicator for price action enthusiasts. Free Download. Superb indicator for providing price reversal and continuation signals.
CATEGORIES: MT4, SIGNAL, PATTERNS
Updated on: 18.11.2023
Candle patterns indicator are favorites for price action traders. There are numerous candlesticks patterns in the forex market, categorized as bearish and bullying candle patterns. The candle patterns usually consist of one or more candles. Some common candlesticks include the Doji, pin bar, evening star, hammer, morning star, shooting stars, engulfing pattern, harami, and piercing line.
Depending on where they appear on the market, the patterns signify a trend reversal or continuation. Thus, being well versed with candlestick formation helps traders predict the likely market direction.
If you have studied these patterns for a long time, you can easily identify them with naked eyes. But it can be quite a tasking task moving from one bar to another trying to identify the candle pattern. This is the reason why you need the candle pattern indicator for MT4- free download.
The indicator detects the candlesticks, displays the alert notification. Additionally, An arrow points at the specific candlestick.
Using the indicator helps traders take advantage of trading opportunities. For instance, if there is a likely reversal or potential breakout, you can adjust your positions accordingly. In addition, the candle pattern indicator can be used in all time frames and currency pairs.
Save time withd software.
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