Sign Up Now. Hi All,For everyone candlesgick like to use candlestick analysis for their trading, this little indicator show itself to be very handy little tool in your indicator collection. It automatically scans the charts, no matter on which timeframe you put it on and it will show you exactly where there are specific candlestick pattern formations such as the Shooting Star, Evening Star, Evening Doji Star, Dark Cloud Pattern, Bearish Engulfing Pattern etc. The indicator is very easy to interpret by candlestikc user, it shows some abbreviated letters above or below the pattern and you can interpret these abbreviation through a lTrading based on candlestick patterns is one of the popular price action methods.
This free version of the indicator automatically recognizes seven popular bullish andbearish patterns to trade. The indicator implements a filter toeliminate a set of non-promising patterns. You can select which metatrader candlestick recognition indicator be recognized by the indicator. Full version of this indicator with Alerts and more patterns.By default, the bullish patterns are drawn in blue and bearish patterns in red.
Metatrader candlestick recognition indicator