A chart pattern indicator for Metatrader 4 that notifies you of any bullish and bearish engulfing trading patterns. The indicator works on all timeframe’s and for all currency pairs. A bullish engulfing pattern may indicate a forex reversal pattern when formed in a downtrending currency market. A bearish engulfing pattern may indicate a forex reversal […]Continue reading
The inside bar forex indicator finds inside bars on all time frame’s and works for all currency pairs. An inside bar candlestick forms within the previous candlestick high – low trading range. Download link: Click here to download the insidebar.mq4 indicator Inside Bar Indicator Chart Example (GBPUSD D1) Platform: Metatrader 4 Indicator type: candlestick recognitionContinue reading
This trading strategy modifies the standard inside bar break-out trading system by adding a trend perspective that allows a follow-through confirmation. It is a 3-bar price pattern that adds a third bar to the inside bar price set-up. Chart Setup MetaTrader4 Indicators: StochasticStack.ex4 (default setting), insidebar.ex4 (default setting) Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, […]Continue reading
The Early Bird forex pattern strategy is an efficient trading system that is designed to catch trend in their early stage. Based on the information available in the market, the basic indicators in use are further able to predict price movement quite on time. Chart Setup MetaTrader4 Indicators: MACD_Signals.ex4 (default setting), Keltner_Chanel.ex4 (default setting) Preferred […]Continue reading
An “inside bar” price setup is a 2-bar price action trading strategy in which the second candlestick forms within the high to low of the previous bar. This setup can be translated into a viable and winning trading system, this is what we have just done. Our approach is a minimalistic one that simplifies our […]Continue reading
The Bullish Hammer Forex Reversal strategy is designed around a single candlestick pattern with some basic indicators. The strategy provides traders with accurate buy and sells entries in the direction of a new trend. The catch here is to spot a bullish hammer at the bottom of a downtrend and at the top of an […]Continue reading
The Knight Candle developped by Mark Guergues and Andrei Knight gives you an indication where the price is likely to trade right after the open. It does not tell you how the candlestick is likely to close. Use in conjunction with other tools to trade with the overall trend. Used symbols: Red circled “0” – […]Continue reading
The Divergence forex trading strategy is a mechanical trading system that is based on classical bullish or bearish divergence. It is often said that divergence is a leading indicator, and it is incorporated into this strategy to help traders with a low risk method to buy near the bottom and sell near the top. Chart […]Continue reading
The Pin Bar forex scalping strategy is a single candlestick price action reversal pattern that takes gives you information on levels where price has is tested and rejected. Subsequently, the system is created to identify pin bars at support and resistance levels, so as to reveal bullish and bearish trends respectively. Learn how to identify […]Continue reading
This forex indicator shows candlestick patterns on the charts. Use in combination with trending indicators to predict future price movements more accurately. Download link: Click here to download the Pattern_Recognition_Master_v3 indicator Pattern Recognition Chart Example (EURUSD D1) Platform: Metatrader 4 Indicator type: CandlestickContinue reading
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