The Candlestick Pattern Recognition Master MT4 is a popular and free forex indicator that is useful in identifying candlestick patterns in the financial markets. This indicator is designed to work with the MetaTrader 4 (MT4) platform and is suitable for any type of trader. The indicator scans the market for various candlestick patterns and displays them on the chart. It can identify over 30 different patterns, including popular ones such as the Hammer, Inverted Hammer, Shooting Star, and Engulfing. The indicator also provides a brief description of each pattern and the potential trading opportunities associated with it. The indicator is easy to use and can be quickly set up on the MT4 platform. It has several customizable parameters that allow traders to adjust the sensitivity of the indicator. This includes the ability to adjust the minimum and maximum number of candles used to identify a pattern, as well as the ability to adjust the minimum and maximum size of the pattern. It also has several customizable parameters that allow traders to adjust the sensitivity of the indicator.
MT4
Candlestick Pattern Recognition Master
This useful Forex indicator for MT4 is a popular, free tool that can be used to quickly and easily identify candlestick patterns in the market. The Candlestick Pattern Recognition Master indicator is designed to scan through the market and identify popular candlestick patterns such as doji, hammer, and engulfing patterns. By using this indicator, traders can get a better understanding of the market and make more informed trading decisions.
| Trading Style | |
|---|---|
| Indicator Type | |
| Timeframe | |
| Platform |
0
People watching this product now!
Downloads - 57
Description
Reviews (0)
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Channel_ZigZag
The Channel ZZ Indicator is a popular and free MT4 Forex indicator that is extremely useful for traders. It uses a combination of ZigZag lines, trend lines, and Fibonacci retracement levels to help you identify profitable entry and exit points. The indicator works by drawing a line between two extreme points on the chart and then calculates the Fibonacci retracement levels. It then draws a ZigZag line between the two extreme points and uses the retracement levels to identify potential entry and exit points. The indicator is easy to use and understand, and it is a great tool for traders to use to help them make more profitable trades.
Wd Gann Box
The WD Gann Box Indicator is a useful and popular free Forex indicator for MT4. This indicator can be used to identify trends, support and resistance levels, and reversals. It displays a box of the current price action on the chart and provides a visual representation of the trend. The WD Gann Box Indicator is a popular and free Forex indicator for MT4 that can be used to identify trends, support and resistance levels, and reversals.
Market Sessions
The Market Sessions Indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders to identify the active trading sessions for different currency pairs. The indicator displays the start and end times of the major trading sessions in the Forex market, including London, New York, Tokyo, and Sydney. It also shows the current session and the time left until the next session. The Market Sessions Indicator is a convenient and powerful tool for traders of all levels to get a better understanding of the Forex market.
Wolfe Waves
The Wolfe Waves indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify potential Wolfe Wave patterns in the market and chart those patterns, making them easy for traders to identify and analyze. The Wolfe Waves indicator is highly accurate and does not require redrawing, providing traders with reliable signals they can act on. The Wolfe Waves indicator is an essential tool for any forex trader who is trying to improve their trading strategies and identify high probability trading opportunities.
Reviews
There are no reviews yet.