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: […]Continue reading
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 […]Continue reading
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, […]Continue reading
What is a Dark Could Cover pattern? A Dark Could Cover pattern occurs when a red bearish candlestick (close price below open price) on day 2 closes below the middle of day 1 bullish candlestick (close price above open price). We will be using this pattern to sell rallies in a bearish currency market. The […]Continue reading
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 […]Continue reading
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 […]Continue reading
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 […]Continue reading
This special candlestick indicator is trend following in nature. It draws bullish and bearish candlesticks on any currency chart. This is a great indicator to find lower-risk price entries in an existing trend. Trading Signals Buy: Wait for the first green candlestick. Sell: Wait for the first pink candlestick. Use in conjunction with other trading […]Continue reading
Do you like to display custom candlestick periods on the 1 hour MT4 charts? With this indicator, you can add the following candlesticks to the 1 hour charts: 120 min (2 hours), 180 min (3 hours), 240 min (4 hours), 360 min (6 hours), 480 min (8 hours) and 720 min (12 hours). You can […]Continue reading
A trend trading forex system composed of the Smoothed Heiken Ashi candlestick indicator and moving averages. It works best on the 1 hour charts and higher time frames. Chart Setup Indicators: Heiken_Ashi_Smoothed,12 period exponential moving average, 50 period simple moving average Preferred time frame(s): H1, H4, D1, W1 Trading sessions: Any Preferred Currency pairs: GBP/USD, […]Continue reading
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