1-2-3 pattern indicator for mt4

1-2-3 Pattern Indicator

Platform: MT4 Type: Pattern
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Last update: November 3, 2024

The 1-2-3 Pattern Indicator for MT4 recognizes and displays three legs of the 1-2-3 pattern. Additionally, it places fibonacci extensions directly on the chart. Such combination provides very reliable and solid trading signals.

This popular formation is build within three waves of price movements that create the first, second, and third leg. The approach is popularly used for trading trend reversals and breakouts.

Example chart:

1-2-3 pattern indicator example chart

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