Candlestick Patterns reader
Offs Candlestick pattern reader it's a price action indicator that will help you to identify instantly powerful patterns.
This patterns can give you an important advantage to enter into a counter-trend, giving you the oportunity to earn huge quantity of pips.
It is very important to understand how price action works, because trade against an important trend can be very dangerous, so please, take care which trades you choose and try to avoid wrong signal, use always stoploss.
This indicator will allow you to get into a trend change very early, from the begining of the new trend, but I recommend you to use it in high timeframes like 1H, 4H, 1D, trying to avoid market noise. It is also important to wait for a candlestick to end to determine if the patterns is drawn or not.
This indicator is totally customizable, you can activate each pattern separately. It also includes an alert system that will advice you even if you are not in front of PC
Bullish counter-trend patterns:
- Inverse hammer
- Bullish engulfing
- Piercing line
- Morning star
- Three white soldiers
Bearnish counter-trend patterns:
- Hanging man
- Shooting star
- Bearish engulfing
- Evening star
- Three black crows