Forex Chart Patterns is a free mt4 (Metatrader 4) indicator that identifies and displays the most popular and profitable chart patterns on the chart.
It’s a price action technical indicator.
The indicator displays the following chart patterns:
Head and shoulders, reverse head and shoulders, double top pattern, double bottom pattern, triple top pattern, triple bottom pattern, triangle pattern, rising wedge pattern, and falling wedge pattern.
The Chart Patterns indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Price patterns.ex4” indicator for MT4
Indicator Chart (EUR/USD H4)
The picture below shows the Forex Chart Patterns mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with the Forex Chart Patterns indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Chart patterns
Does the indicator repaint? No.
Download Now
Download the “Price patterns.ex4” indicator for Metatrader 4
