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Candlestick Pattern Scanner and Detector

The Candlestick Pattern Detector is an advanced MetaTrader 4 indicator designed to identify and highlight candlestick patterns on your charts. Currently, the indicator detects one specific candlestick pattern - the pinbar, known for its significance in technical analysis and trading strategies. This tool provides traders with visual cues, making it easier to spot potential market reversals or continuations.

Features:

  • Customizable Colors: Users can customize the colors of the bullish and bearish pinbar arrows for better visual distinction.
  • Adjustable Arrow Size: The size of the arrows marking the patterns can be adjusted to fit your charting preferences.

How It Works:

The Candlestick Pattern Detector scans the chart for specific pinbar formations based on defined criteria such as the proportion of the candle body to its wicks and its relative position within the market trend. When a pattern is identified, the indicator marks it with a colored arrow (green for bullish pinbars, red for bearish pinbars), directly on the candlestick.

Parameters:

  • Bullish Arrow Color: Customizable color for bullish pinbars.
  • Bearish Arrow Color: Customizable color for bearish pinbars.
  • Arrow Size: Adjustable size of the arrows marking the patterns.

Important Note:

The candlestick patterns detected by this indicator are NOT direct buy or sell signals. They are meant to highlight potential areas of interest based on historical price action patterns. Traders should use this tool in conjunction with other analysis methods and risk management strategies to make informed trading decisions.

Enhance your trading with the Candlestick Pattern Detector and gain a clearer understanding of market dynamics through powerful candlestick pattern recognition.


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Auto TP Specified
Abdulhadi Darwish
Automate Your Profits with Precision Please Notice that this tool is just the beginning! I really need to know your opinion about it, just leave a review and we will make it better for sure!  The UPDATES Would be based on your feedback! How It Works:   The Auto TP    Specified   Expert Advisor continuously scans for orders lacking take profit settings. Once identified, it applies the user-defined take profit level, ensuring consistent profit-taking across trades. Existing take profit sett
FREE
This utility adds a customizable button to your MetaTrader 4 chart, allowing you to close all open orders with a single click. The button's position automatically adjusts based on the chart size, ensuring it remains visible and accessible. Customize the button's appearance, text, and tooltip to suit your preferences. Simplify your trading workflow and manage your open positions more efficiently with this convenient tool. The UPDATES Would be based on your feedback! Features: Single-click butto
FREE
* Pivot Points Magic : Effortlessly Plot Pivot Levels on Any Chart** Pivot Points Magic simplifies the process of identifying critical pivot levels on any chart, across all timeframes. With just a few clicks, traders can instantly visualize pivot points, enabling them to make more informed trading decisions. We value your feedback! Share your experience with Pivot Points Magic and help us improve. Your reviews and suggestions are essential for shaping future updates and enhancements to the
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