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CandleStick Scanner X

44 USD

Demo downloaded: 22

Published: 25 June 2021

Current version: 1.0

CandleStick Scanner X

Indicators
Noor Ghani Rahman
Version: 1.0
Activations: 5

Japanese candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes ….whatever you want!

They are used to describe the price action during the given time frame. Japanese candlesticks are formed using the open, high, low, and close of the chosen time period.

CandleStick Scanner X provides market analysis through the detection and analysis of Japanese candlestick patterns.

Candlestick based market analysis is one of the most popular technical analysis methods. Combinations of candlesticks are used for two purposes. Firstly, they help identify the current trend and determine the suitable entry points for long and short positions. Secondly, they help to identify possible pivot points of the main trend.

The main principle of candlestick pattern analysis is finding standard patterns (reversal or trend continuation), by interpreting which you can predict further price action.

What will CandleStick Scanner X do on your chart for your better market analysis

An automatic indicator, which recognizes and analyzes various candlestick combinations (Like Reversal Patterns and Continuation Patterns): name of some are Hammer, Hanging Man, Inverted Hammer, Shooting Star, Bearish Engulfing, Bullish Engulfing, Bullish Harami, Bearish Harami, Piercing Line, Dark Clouds, Morning Star ,Evening Star, etc,.
A text label on a chart notifying of a detected pattern.
Graphical display of significance of the found pattern (arrow up or down, suggesting further price movement).
The indicator will works on any timeframe upon which you keep the indicator.

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This tools is design to easily forecast the projection of the current trend through the inputs of Zigzag and get out of the market when the trend do not the ability to maintain it's volatility to go further... the indicator gets the initial and final price from the value of zigzag automatically by adjusting the intdepth of zigzag. You can also switch from Projection to Extension from the inputs tab of indicator.

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In the financial world, risk management is the process of identification, analysis and acceptance of uncertainty in investment decisions. Essentially, risk management occurs when an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment, such as a moral hazard, and then takes the appropriate action given his investment objectives and risk tolerance. This tool should be the success key before you lost your capitals due to the unawareness of market beh

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