FREE DOWNLOAD Forex Candlestick Pattern Recognition MT4 Trading Indicator and Template – In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.
The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
- Best Time Frame: H4 or higher
- Currency Pairs: Any
- Candlestick Pattern Recognition
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- Candlestick Pattern Recognition: Blue color
- RSI line: Above level 55 line
- Candlestick Pattern Recognition: Red color
- RSI line: Below level 45 line