The Candlestick Pattern indicator analyzes charts (within the specified time interval) for specific patterns, then generates Buy or Sell Signals. The candlestick pattern indicator can determine specific patterns in both Heiken-Ashi and Western Line (default) candlesticks.
These Candlestick patterns are available in the Trade Bots and Marketview Tab. The Marketview Tab allows users to quickly check which patterns are present in the current chart, while the candlestick pattern indicator for the trade bot allows users to generate buy and/or sell trade signals.
The trade signal generated by this indicator is determined by your Position! If you are Bought, the trade signal will be a Sell. If you are sold, the trade signal will a Buy. You can set this indicator to only produce the signals you want by ONLY enabling those signals on the left of the Candlestick Pattern Indicator screen.
Supported Trade Types