Indicators and tools for price action trading

Price action is a candlestick analysis method favored by investors in the West.

In Japan as well, candlestick analysis methods have long existed, and a method that analyzes by combining three candlesticks is widely known.

We will introduce an indicator that automatically detects such candlestick sequences and displays the patterns.

MT4 Price Action

An indicator for price action that automatically detects 18 candlestick patterns!

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The following 18 candlestick patterns are enclosed in rectangles on the chart and displayed together with the pattern names. The color and style of the rectangle lines, and the display text for the pattern names, can be freely configured per pattern via parameters.

・Gap Up

・Gap Down

・Large bullish candle

・Large bearish candle

・Lower wick

・Upper wick

・Three White Soldiers

・Three Black Crows

・Piercing Line

・Kabuse Line

・Engulfing Line (Bullish)

・Engulfing Line (Bearish)

・Morning Star after three bars

・Evening Star after three bars

・Harami Line (Bullish)

・Harami Line (Bearish)

・Meeting Line (Bullish)

・Meeting Line (Bearish)

MT4 Price Action Indicator "Candle-Priceaction" — The Long-Awaited Candlestick Detection Tool

Inside Bar (Inside Bar)

Outside Bar (Outside Bar)

Engulfing Bar | Buy (Bullish Engulfing Bar)

Engulfing Bar | Sell (Bearish Engulfing Bar)

Pin Bar (Pin Bar)

In addition to detecting the five representative price action types above,

There is a buyers-only site as a bonus for purchasers.

The indicator includes a substantial volume of content such as "Download", "Parameter-setting explanations", "How to use the indicator and cautions", and "Price Action Course".

Price Action Mastery: Equations for 18 Chart Patterns

“To discern effective price action from ineffective price action.”

“It is about understanding the fact that price action is not always effective everywhere.”

This manual explains 18 chart patterns, but

"All the charts used were ones I personally traded."

and thus, explanations cite actual charts.

PINBAR Breakout Order-kun

This is a semi-automatic EA focusing on the “Pin Bar,” used to determine reversals within price action.

A trade-entry support tool using PINBAR price action. Trailing after profits are secured.

It automatically performs counter-trend entries with four entry patterns and settles with a trailing stop.

Written by Tera GogoJungle Marketing.