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SX Price Action Patterns MT4

SX Price Action Patterns is a comprehensive indicator which shows various price action patterns on the chart for those who are interested in price action trading. These patterns are as follows:

A Pin Bar is a candlestick price bar, which has a long wick on one side and a small body. It is a powerful signal of price reversal in a currency trading strategy.

An Inside Bar is characterized by a bar or candle that is entirely ‘inside’ the range of the preceding one and represents the consolidation of price action.

An Outside Bar completely ‘overshadows’ or ‘engulfs’ the previous bar. This pattern signals a potential shift in the market sentiment.

A Shaved Bar is a trend bar that is all body and has no tails or has a shaved top (no upper tail) or a shaved bottom (no lower tail). When a Shaved Bar appears in a strong trend, it demonstrates that the buying or the selling pressure was constant throughout with no let-up and it can be taken as a strong signal that the trend will continue.

A Fakey pattern appears when the price breaks one away from an inside bar but then returns to the opposite direction, triggering the price movement in that direction. Fakey is very important and potent price action trading strategy because it  can help us identify stop-hunting and provide us with a very good clue as to what price might do next.

A Three Bar Reversal pattern is used to identify trend reversal signals. The pattern involves 3 consecutive candlesticks, whose movement indicates whether a reversal in the trend is bound to happen or not.

A Pin Bar + Inside Bar Combo pattern consists of a Pin Bar that consumes an Inside Bar. It is an ideal setup to trade from pullbacks to key levels or as breakout plays in trending markets.

An Inside-Pin Bar Combo pattern is simply a Pin Bar that’s also an Inside Bar. This setup seems to work best in trending markets and on the daily chart time frames.

There are various settings for each of these patterns and you can specify the pattern you want with a shape or by changing the color of the candlestick on the chart.

There is also a unique option to gray out the chart temporarily so that you can clearly see the desired pattern.

#Tags: Pin Bar, PinBar, Pin-Bar, Inside Bar, InsideBar, Inside-Bar, Outside Bar, OutsideBar, Outside-Bar, Shaved Bar, ShavedBar, Shaved-Bar, Fakey, Three Bar Reversal, 3 Bar Reversal, Pin Bar + Inside Bar Combo, Inside-Pin Bar Combo, Pattern, Price Action, PriceAction

DISCLAIMER: Please notice that we do not provide any financial advice. We only provide tools for anyone interested in improving their trading.

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SX Theme Setter is intended for changing chart appearance in 2 modes: - Gradient background mode: In this mode, the indicator creates a gradient background for your chart. Colors, steps and gradient type can be selected by user. - Color theme: Color theme mode provides more than 50 built-in different color themes which can be selected from a list. Most of these themes are converted from official color themes of real trading platforms of the past and present. Try them out and see if they sui
FREE
SX Theme Setter MT4
Mojtaba Sarikhani
5 (1)
SX Theme Setter is intended for changing chart appearance in 2 modes: - Gradient background mode: In this mode, the indicator creates a gradient background for your chart. Colors, steps and gradient type can be selected by user. - Color theme: Color theme mode provides more than 50 built-in different color themes which can be selected from a list. Most of these themes are converted from official color themes of real trading platforms of the past and present. Try them out and see if they sui
FREE
MACD is probably one of the most popular technical indicators out there. When the market is trending, it actually does a pretty good job, but when the market starts consolidating and moving sideways, the MACD performs not so well. SX Impulse MACD for MT4 is available   here . Impulse MACD is a modified version of MACD that works very well for trading Forex, stocks, and cryptocurrencies. It has its own unique feature which perfectly filters out the values in a moving average range and enables it
SX Advanced MACD MT4
Mojtaba Sarikhani
5 (1)
MACD ( M oving A verage C onvergence/ D ivergence) is a widely used indicator in technical analysis. What makes the MACD such a valuable tool for technical analysis is that it effectively combines two indicators into one. It can help to identify trends and measure momentum simultaneously. SX Advanced MACD for MT5 is available here . SX Advanced MACD indicator takes this concept further by plotting two distinct MACD indicators on a single chart, facilitating clear visual correlation between each
SX Currency Strength indicator allows users to analyze currency strength through a selected period, with results resetting periodically and accumulating thereafter. It displays the historical relative strength of eight major currencies (USD, EUR, GBP, JPY, AUD, CHF, CAD and NZD) across a selected timeframe. Assessing a currency's relative strength aids in evaluating its performance against a basket of other currencies. Users can select to visualize relative strength of the currencies in the shap
MACD ( M oving   A verage   C onvergence/ D ivergence) is a widely used indicator in technical analysis. What makes the MACD such a valuable tool for technical analysis is that it effectively combines two indicators into one. It can help to identify trends and measure momentum simultaneously. SX Advanced MACD for MT4 is available   here . SX Advanced MACD   indicator takes this concept further by plotting two distinct MACD indicators on a single chart, facilitating clear visual correlation betwe
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