TEMPLATE ERROR: LHS of numeric is null before 38 in data:blog.url == data.blog.homepageUrl Candlestick Pattern Recognition Indicator | Forex Trading Currency

Candlestick Pattern Recognition Indicator

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If someone told you they had uncovered a 300 year old secret that had the potential to bring great wealth, would you listen?
Candlestick charts are said to have been developed in the 18th century by legendary Japanese rice trader Homma Munehisa. The charts gave Homma and others an overview of open, high, low, and close market prices over a certain period. This style of charting is very popular due to the level of ease in reading and understanding the graphs. Since the 17th century, there has been a lot of effort to  relate chart patterns to the ldata points instead of one. The Japanese  rice traders also found that the resulting charts would provide a fairly reliable tool to predict future demand.
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- You DON'T need to memorize this patterns
- With our MT4 indicator patterns will be automatically shown to you on any chart

- It indicates a higher chance of prices moving in it's direction
- It will print a colored text so that is easy to see if pattern signal is bullish(buy) or bearish(sell)

- It recognize 25+ candlesticks patters. Strong Reversal
patterns, Weak Reversal patters,   Continuation of a trend patterns!
 
-NEW - You can now choose what patterns you want to see on chart! So no need to memorize which is strong, weak or continuation pattern anymore.
- It DOES NOT repaint! Once candle closes forming a pattern arrow NEVER disappear!

For everyone who like to use candlestick analysis for their trading, our indicator shows itself to be very handy 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 the user, it shows some abbreviated letters above or below the pattern and you can interpret these abbreviation through a legend which is found on the top left corner of your chart.


The settings of the indicator is pretty straight-forward. It allows you to turn alert On(true) or Off(false). When Alert is set to TRUE, each time the indicator finds a new pattern, it will sound an alarm. Remember: Candle reversal patterns are only valid when they form near significant support/resistance levels! You can add it with other indicators, for example trend line or fibonacci ratio...etc...

Candlesticks are pretty accurate though and if you develop yourself into this, it proves to be a worthwhile investment.


Learn To Find The Best Trades The Market Has To Offer!Remember that candlesticks never lie. Don't listen to people who tell you the market is bearish when the candlesticks are telling you exactly the opposite. Opinions can be wrong, but candlesticks are always right. Pay attention to what the candlesticks are telling you, and you can’t go wrong.
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Comments

4 comments to "Candlestick Pattern Recognition Indicator"

smedleymolton said...
21 January 2011 16:35

Perfect ,couldnt be better , thank you very much

Anonymous said...
22 January 2011 01:38

EXCELLENT INDICATOR,THANK YOU KINDLY BROTHER.

Anonymous said...
26 January 2011 02:08

Very Good Indicator,Thank You Sincerely Peter.

Christopher said...
9 April 2011 05:30

Very prompt service - will put indicator to good service next Monday! - Thanks, cdgladiator

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