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JF Engulfing Indicator
The JF Engulfing indicator is very accurate and easy to use. The perfect trend reversal detector.
If you are a technical forex trader, you have probably come across the term “eng-pattern”. If not, don’t worry. As the name implies, an engulfing pattern occurs when one candle completely covers the previous candle. You can easily detects the pattern by this JF Engulfing indicator for Meta Trader 5. In fact, the pattern is a sign of a possible trade reversal and appears in general or against the trend.
The Free Download – JF Engulfing Indicator for MT5 scans the market and identifies engulfing patterns on the chart. This means you don’t have to do the chore of manually defining a template. In fact, the indicator goes one step further by distinguishing between bearish and bullish engulfing and labeling them accordingly.
Therefore, the JF Engulfing indicator is suitable for both beginners and experienced traders. The best part is that you can use the indicator on all currency pairs and timeframes. In addition, the indicator allows you to customize the settings according to your personal preferences.
Save time withd software.
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