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Tag Archives for " candlestick "

Heikin-Ashi Candlestick Bars Indicator

The Heikin-Ashi candlestick indicator displayed as green and red bars in a sub-window below the main MT4 trading chart. A green bar is considered to be a bullish Heikin-Ashi candlestick. A red bar is considered to be a bearish Heikin-Ashi candlestick. The indicator can be used on all pairs and timeframe’s. Trading Signals Green bar: […]

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Shooting Star Forex Strategy

The Shooting Star forex strategy is made up of one reversal candlestick pattern and one exponential moving average for trend direction. This is a great reversal strategy used to trade short-term rallies found in a bearish market. The shooting star pattern is made up of one candlestick with a small body and little or no […]

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Hammer Candlestick Forex Strategy

The Hammer candlestick is considered to be a bullish reversal pattern. It’s made up of 1 candlestick with a small body at the top and a long lower wick. The Hammer candlestick forex strategy explains how to use the Hammer candlestick in uptrending markets. Hammer Candlestick Setup Chart Setup Indicators: 100 Period Exponential Moving Average, […]

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Forex Engulfing Pattern Strategy

A forex trading strategy based on Engulfing candlestick patterns. The system consists of 3 indicators: the 100 exponential moving average, the MACD indicator with default settings and the Candlestick_Recognition_Master custom built Metatrader 4 indicator. We will be using this custom indicator to identify Engulfing candlestick patterns on autopilot. Chart Setup Indicators: 100 Period Exponential Moving […]

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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 […]

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Dashboard Candlesticks Forex Indicator

The dashboard candlesticks forex MT4 indicator shows you positive and negative candlesticks for the most popular timeframe’s and for any currency pair. Red color = bearish candlestick, lime color = bullish candlestick. The numbers: 0 (most recent candlestick, 1 (previous candlestick), 2 (2 periods ago), 3 (3 periods ago). See the 1 hour EUR/USD chart […]

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