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About MetaTrader Candlestick Pattern Recognizer
The Indicator
Japanese Candlesticks are one of the most predominant methods for evaluating price. For the skilled trader who is able to proficiently read candlesticks charts, a great insight is provided into the balance between buyers and sellers. We developed a unique candlestick pattern recognition indicator for MetaTrader Platform. You don't need to learn to recognize these time tested patterns, our indicator will do it for you.
Our indicator will help you determine whether the trading climate is dominated by buyers or sellers, whether there was weakness in buyers or sellers, and at your disposal will be the relationship of the days' movements compared to previous days. You will have the benefit of knowing whether you should be short, long or neutral on the FOREX market.
You have powerful Reversal Signals in your trading toolbox. And you will identify every change in investor sentiment.
A easy to spot Support and Resistance levels. You will identify support and resistance levels with a great accuracy and speed. This will give you a true confidence to determine your money management strategy.
Most of the recognized patterns can be used for identification of important price levels, trend lines, pivot points and fibonacci levels.
Better timing. The recognized Candlestick patterns can send out signals in a few sessions and give you early signals. Thus market turns with candlestick pattern will frequently be in advance of traditional indicator. This will help you to enter and exit the market with better timing.
Easy to understand. You can easily harness the power of the recognized candlestick pattern signals, and focus on your strategy and money management not on the technical pattern recognition side.
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