Forex Day Pattern MT4 Indicator:
About the Forex Day Pattern MT4 Indicator
– Day Pattern – an indicator that helps to identify patterns of price changes for the development of trading algorithms and strategies.
For whom this tool?
– For developers of trading strategies and algorithms.
– Medium- and long-term traders. Time frames H1-W1.
Features of the indicator:
– There is a function of exporting indicator values to a file of the csv format.
– Using the information panel, you can conduct an express analysis of trading tool.
– The indicator is suitable for the research of any trading instruments.
How to use it?
– Recommended time frame is H4.
– On the indicator chart we detect patterns. For example, false breakdown in the area of support and resistance.
– The “Export” button saves data in csv format. The files are in the folder ..\ MQL4\Files\Day_Pattern\
– Open the CSV file and perform additional calculations. To statistically prove your guess.
– Continue to identify patterns.
This product is written me for own use. So, if you have any questions or suggestions for something to improve write me.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)