Candles outside Envelopes

This indicator allows you not loosing any important moment of the market, at the same time that you dont need to be in front of the chart watching that moment to come.


You just set the patterns up, and then the indicator will bring the signal and alert to call your attention. 


Its possible to be alerted when volativity comes without watching the charts like a crazy.


You can set it up and follow the trend, when trend gets power. (Eg. A big period and a small deviation number could call attention for a trend)


You can use it as reversal alert, identifying a exhaustive moviment. (Eg. A short period and a big deviation number could call attention for exhaustive moviments).


You can set it up as your necessity of trade, testing an innumerous sort of combinations outside envelopes.


Does NOT repaint, so, you can also do a manual (and visual) backtest, which brings you some confidence.


Type of candles to set it up: Bear - Bull - Doji - XXX (anyone)


Good to use for Binary Options !!!

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There are many candlestick patterns but only a few are actually worth knowing. Candlestick Pattern Filter detects and marks the most reliable candlestick patterns. Remember that these patterns are only useful when you understand what is happening in each pattern. They should be combined with other forms of technical analysis for best result. These patterns are included: Hammer / Hanging Man Inverted Hammer / Shooting Star Bullish / Bearish Engulfing Piercing Line / Dark Cloud Cover Morning Star
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Wachinou Lionnel Pyrrhus Sovi Guidi
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Candlestick Patterns MT4 is a simple and convenient indicator able to define 29 candle patterns. Advantages Defines and highlights 29 candle patterns; Estimated trading direction is shown as an arrow; Each candlestick pattern can be disabled in the settings; The indicator can be used as an arrow indicator in EAs. Parameters TextSize - chart text size; TextColor - chart text color; Alert - enable/disable alerts; ---------- Candlestick Patterns ------------- - settings separator; AdvanceBlock ;
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