![]() The candlestick patterns trading concept suggests to open a trade in the predicted direction aiming for trend reversal or continuation (depending on the current market situation). How to trade using MT4 Candlestick Patterns Indicator?Įach pattern identified by the indicator is followed by a signal entry arrow that depicts the direction the pattern predicts. Such approach provides the ability to see the market in a glance identifying the most potential pairs and timeframes to trade. The indicator is designed in a form of a scanner that allows you to see the most recent pattern formed on a particular instrument/time frame chart. The indicator identifies the following common known candlestick patterns: ![]() Some patterns identify the current trend reversal, some may confirm the trend continuation, while others may signal about support and resistance levels. MT4 Candlestick Patterns Indicator allows you to visualize on the chart the most common candlestick patterns and trade in the direction that these patterns tend to predict. ![]()
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