Candlestick Pattern Recognition Indicator for Metatrader 4 - page 2

fadly
40
fadly  

hi all...

where i can get indicator that could indentify flag, double top or bottom? thx all.

msyarizal79
3
msyarizal79  

thanks man It's very helpfull

mrjiwo
3
mrjiwo  

thanks tt

zecosfx
3
zecosfx  

many thank for the indi bossxero...it help me a lot.

But is this candlestick pattern effective on small timeframe ( 1H below ).

Any recommendation time frame to be use.

Samwood
4
Samwood  
bossxero:
Hi All, For everyone who 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 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. As with any indicator, you cannot use these signals for themselves alone, you can add it with other indicators, for example trend indicators and mixed together, you can come up with a good trading system. Candlesticks are pretty accurate though and if you develop yourself into this, it might prove to be a worthwhile investment.
wanelad
48
wanelad  

Thanks Boss I will give it a go, but looks like one of those indicators that may go off that many times it could play a song.

whatzo
3
whatzo  

Sdfsadf

Dunnam
188
Dunnam  

sweet indicator... thanx alot

Masaru Jo
11
Masaru Jo  

Thanks, that's great.

C_F_X
65
C_F_X  

looks okay but out of every 4 2 are wrong :/ (by going back on h1+ graphs)