Trading based on candlestick patterns is one of the popular price action methods. This free version of the indicator automatically recognizes seven popular bullish and bearish patterns to trade. The indicator implements a filter to eliminate a set of non-promising patterns. You can select which patterns to be recognized by the indicator. Here is the list of the patterns:
- Bullish Hammer / Bearish Hanging-Man
- Bullish / Bearish Harami
- Morning Star / Morning Doji
- Evening Star / Evening Doji
- Piercing Line / Dark Cloud Cover
- Bullish / Bearish Meeting Lines
- Bullish / Bearish Engulfing