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FX Candlestick Patterns Signal Metatrader 4 Forex Indicator

    The FX Candlestick Patterns Signal forex indicator for Metatrader 4 scans for Maribuzo, Doji, Spinning Top, Hammer and some other interesting candlestick patterns on the activity chart.

    Then the indicator provides buy and sell signal alerts when any of those candlestick patterns becomes tradable.

    The indicator provides you with the following information:

    • Candlestick pattern detected
    • Direction: bullish or bearish
    • Trigger price for entry

    Free Download

    Download the “FxCandlestickPatterns.mq4” MT4 indicator

    Example Chart

    The EUR/CHF M5 chart below displays the FX Candlestick Patterns Signal Metatrader 4 forex indicator in action.

    Basic Trading Signals

    Signals from the FX Candlestick Patterns Signal MT4 forex indicator are easy to interpret and goes as follows:

    Buy Signal: Open a buy trade when the FX Candlestick Patterns Signal tells you to do so.

    Place a stop loss below the candlestick pattern or most recent support level.

    Sell Signal: Open a sell trade when the FX Candlestick Patterns Signal tells you to do so.

    Place a stop loss above the FX Candlestick Patterns Signal or most recent resistance level.


    Download the “FxCandlestickPatterns.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart window indicator

    Customization options: Variable (corner position) Width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly

    Type: signals


    Copy and paste the FxCandlestickPatterns.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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