Doji Pattern Detector is a free price action indicator for mt4 (Metatrader 4) that finds and displays Doji candlestick patterns on the activity chart.
The Doji indicator appears in a separate MT4 chart window as green colored bars and can be used to find high probability trade entries and exits.
Each green colored bar represents the Doji Pattern.
For scalping purposes, the indicator tends to work the best during the London and American trading sessions.
Free Download
Download the “doji-detector.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Doji Pattern Detector mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Doji Pattern Detector Forex 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: Candlestick pattern
Does the indicator repaint? No.
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Download the “doji-detector.mq4” indicator for Metatrader 4
