Candlestick Pattern Recognition MT4 “PRICE ACTION” Trading Indicator & Strategy

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
• RSI

 

• Download “TraderVersity.Com-CandlestickPatternRecognition” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity.Com-CandlestickPatternRecognition.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Meta Trader Client.
• Select Chart and Time frame where you want to test your Forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “TraderVersity.Com-CandlestickPatternRecognition” trading  system and strategy
• You will see “Candlestick Pattern Recognition System” is available on your Chart

 

• Candlestick Pattern Recognition: Blue color
• RSI line: Above level 55 line

 

• Candlestick Pattern Recognition: Red color
• RSI line: Below level 45 line

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