• Tue. Mar 2nd, 2021

DadForex

All about Forex trading

PricePatterns Indicator: Automatic Display of Price Patterns on the Chart

Feb 23, 2021

The indicator of patterns PricePatterns displays on the chart the most common patterns of technical analysis of the Forex market.

PricePatterns MT4 indicator

PricePatterns indicator, as the name implies, is designed to search and identify technical analysis patterns on a currency pair chart.

The PricePatterns indicator allows you to find the most common price patterns:

  • Head and shoulders
  • Inverted head and shoulders
  • Double / triple top
  • Double / triple bottom
  • Triangle
  • Rising and Falling wedge

PricePatterns has a whole system of notifications about the detection of a pattern, and also allows you to configure the display of only the necessary patterns.

I recommend using the indicator of PricePatterns on timeframes from H4 and higher, and also I’d like to remind that the technical indicator is just an assistant to the trader in making a decision, so you should not blindly rely on the found TA patterns.

Features of PricePatterns MT4 indicator

  • Platform: Metatrader 4
  • Ability to change settings: Yes
  • Timeframe: any from 1 Minute to Daily, H4 and higher recommended
  • Currency pairs: any

In PricePatterns.zip file you will find:

  • PricePatterns.ex4

Download PricePatterns MT4 indicator for free: