Candlestick Recognition Master Forex Indicator
The Candlestick Recognition Master indicator for MT4 scans the forex market for the most popular bearish and bullish candlestick patterns. It identifies the following patterns: bullish hammer, morning star, morning doji star, piercing line pattern and bullish engulfing pattern, shooting star, evening star, evening doji star, dark cloud pattern and bearish engulfing pattern.
The indicator can be used on all timeframe’s and for all currency pairs. Patterns formed on higher timeframe’s tend to be more reliable.
Buy: Look for bullish candlestick patterns.
Sell: Look for bearish candlestick patterns.
It is best to use this indicator in combination with others, for example, trendlines, moving averages, oscillators,…
Currency pairs: any
Preferred Time frames: any
Configurable Indicator Options
Colors, show alerts, display pattern (true, false)