Discussion of article "Analysing Candlestick Patterns" - page 3

[haidzatul Nazamri Rasda]

Very interesting. I try to call a function of  RecognizeCandle(_Symbol,_Period,time[0],10,cand1) into Expert Advisor but return by 0 value. Anyone can help to resolve this problem? My intention to get string value of candlestick pattern i.e cand1.type==CAND_INVERT_HAMMER.

[vechno]

to the author, I understand that the theme for mt5, I liked this indikuks, but I work on mt4, is it possible to remake it for mt4, or if you have can you upload?

[WaelZaghariet]

Hello 
 
 
I want the Full CandleSticks Pattern in One Forex Strategy if Possible ..And if Possible i want it in Java .
 
[e-mail] 

[[Deleted]]

its a very good  article and a useful indicator.while  compiling  it   gives an error

bool _language=TerminalInfoInteger (TERMINAL_LANGUAGE)== 1251; // Russian language of the terminal

'TERMINAL_LANGUAGE' - can't convert enum .

Anybody or the author  plz help.

thank you.

 

[[Deleted]]

Asif:

its a very good  article and a useful indicator.while  compiling  it   gives an error

bool _language=TerminalInfoInteger (TERMINAL_LANGUAGE)== 1251; // Russian language of the terminal

'TERMINAL_LANGUAGE' - can't convert enum .

Anybody or the author  plz help.

thank you.

 

This error has been fixed. Please, download the updated attachments.

[Hans Krijgsman]

konung:
This error has been fixed. Please, download the updated attachments.

Please help.

Is this the correct(ed) <candlestick_patterns.mq5> file on   https://www.mql5.com/en/articles/101 ?

I get these (build 712) two MetaEditor compiler error messages (other two files no problem):
'SERIES_SYNCRONIZED' - undeclared identifier candlestick_patterns.mq5 84 37
'SeriesInfoInteger' - no one of the overloads can be applied to the function call candlestick_patterns.mq5 84 8

An attempt to download the file from the Russian webpage   https://www.mql5.com/ru/articles/101   gives error:

404
Запрашиваемая страница не найдена
Проверьте правильность пути и попробуйте заново

Thanks at forhand for your help!

 

[q.import]

SERIES_SYNCHRONIZED

not

SERIES_SYNCRONIZED

It's A Miss Spelling In The candlestick_patterns.mq5  file

[saiyad hanzala]

its really an amazing work done by u. can u please code this in mq4 format

[Sergey Golubev]

Trading the Bearish Evening Star :

Article Summary: Finding reversals of momentum may prove difficult for Forex traders. Today we will review price action tips using the Bullish Morning Star candle pattern.

Understanding and interpreting candle patterns, is an important skill to master for Forex price action traders. While these patterns may seem foreign at first, their recognition can help aid in finding trend reversals and continuations. That is why, with a little practice you can work candle analysis into any active trading strategy. With this idea in mind, we will again continue this month’s focus on recognizing and trading easiest identifiable candle stick patterns. Today we will review the bearish evening star.

What is a bearish evening star?

A bearish evening star is similar to our previously discussed morning star pattern. These patterns are inverse from each other, with the bearish evening star normally found at the end of a period of bullish market pressure. Pictured above we can see the pattern itself which is alsocomprised of three completed candles. The first candle will depict a surge in priceon the underlying currency pair. The size of this first candle can vary, but it is important for this candle to close creating a higher high.
Next traders will look at the second candle of the pattern to identify a bearish evening star. Price should attempt to again breakout out to the upside here and create a slightly higher high relative to our first candle. However, any rallies seen in this position should be capped with a long candle wick with price trading back down toward the open price for the day. More often than not, a doji or inverted hammer can be seen in this position but the candle color is ultimately not important. This doji or long wick from an inverted hammer suggests that bullish price momentum is concluding .The last candle should show the beginning of fresh bearish momentum.

USDCHF with Bearish Morning Star

Uses in Trading

Once you are feel comfortable find the bearish evening star candle pattern, it can then readily be applied into virtually any trading strategy. Above is a great example of the pattern at work on a daily USDCHF chart in the confines of a downtrend. The USDCHF is seen retracing from the formation of a lower high, ending in the highlighted morning star. After the completion of the third candle in the pattern, traders can reasonably assume the trend has turned back to its primary direction while looking for fresh opportunities to sell the USDCHF.

As you can see candle patterns are a great way to interpret price action. However, keep in mind reversal patterns may symbolize a change of direction but not necessarily suggest a complete trend reversal. Traders should keep an eye on the wick of the second candle of the Evening Star pattern. In the event this point is exceeded, it can denote future trend shift for a currency pair.

---Written by Walker England, Trading Instructor

[Helder]

good night

I'm new here and after adding the folder of the respective indicator mt5 here's the same article does not list to start the chart, someone could tell me what I'm doing wrong?