Pattern Recognition Master Indicator
Platform: MT4 Type: Pattern Last update: August 3, 2024The Pattern Recognition Master indicator for MT4 helps to identify candlestick patterns occurring on the live charts.
It simply marks the candlesticks on the chart with the names of the corresponding patterns (like the Doji or Shooting Star) where applicable.
In the top left corner of the chart, you will find the list of all recognizable bullish and bearish patterns. It is capable of recognizing:
Bearish
- Shooting Star
- Evening Star
- Evening Doji Star
- Dark Cloud Pattern
- Bearish Engulfing Pattern
Bullish
- Bullish Hammer
- Morning Star
- Morning Doji Star
- Piering Line Pattern
- Bullish Engulfing Pattern
All you have to do is to manually check the current dominant trend, and then trade according to that trend direction and to the most recent pattern provided by Pattern Recognition Master indicator.
