Candlestick Patterns Scanner
- Indikatoren
- Mohamed Ahmed Sh Muhumed
- Version: 1.0
Candlestick Patterns Scanner is professional indicator that will assist and alert you to identify candlestick patterns on metatrader 4 charts whenever a pattern appears on the chart.
In financial 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/Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument.
If the opening price is above the closing price then a filled (normally red or black) candlestick is drawn.
If the closing price is above the opening price, then normally a green or hollow candlestick (white with black outline) is shown.
The filled or hollow portion of the candle is known as the body or real body, and can be long, normal, or short depending on its proportion to the lines above or below it.
The lines above and below, known as shadows, tails, or wicks, represent the high and low price ranges within a specified time period. However, not all candlesticks have shadows.
Candlestick Patterns Scanner contains many patterns some of the patterns that include are as follows.
BEARISH
SHOOTING STAR
EVINING STAR
DARK CLOUD PATTER
BEARISH ENGULFING PATTERN
DOJI
BULLISH
BULLISH HAMMER
MORNING STAR
MORNING STAR
PERICING LINE PATTERN
BULLISH ENGLUFING PATTER
DOJI
you can turn and turn off any patern you like from the input menu.
indicator works on all time frames.
for any questions do not hesitate to contact me
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