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
- 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