Home / Forex MetaTrader Trading Indicators / Candlestick Pattern Recognition MT4 “PRICE ACTION” Trading Indicator & Strategy

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


MetaTrader Trading Indicator
  • Candlestick Pattern Recognition
  • RSI


How to install “Candlestick Pattern Recognition System

  • 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


BUY Rules

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


SELL Rules

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


READ  ADX Crossing Signals MT4 Trading Indicator

Leave a Reply

Your email address will not be published. Required fields are marked *