Price Patterns Indicator

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Price Patterns Indicator
Perfect price patterns detector. A suitable indicator for potential price continuation and reversal.

CATEGORIES: MT4, SIGNAL, PATTERNS, INFORMATIONAL
Updated on: 25.11.2023

The forex market makes price patterns that replicate shapes. It is quite surprising that these shapes are valuable; you can use them for trading profitably. Essentially, the price action forms these peculiar shapes depending on the interaction of different market forces. These price patterns have been tested historically and tend to have an edge that traders can take advantage of.

Now, the problem is identifying these patterns in the market. The forex market tends to move haphazardly, and singling out a pattern is not a cakewalk, especially if you are a newbie. This is where the Price Patterns indicator comes in.

You can use the indicator to trade any currency pair. However, while you can use the indicator on any time frame, it works best for a longer time frame. Essentially, patterns that form on 4-hour, daily, weekly time frames tend to be more potent.