Counter Attack

The Counter Attack Candlestick Pattern Indicator works by generating Buy or Sell Trade Signals after the pattern has formed. The pattern works by sending a trade signal when the next candle opens higher (bearish) or lower (bullish) and then closes at the closing price of the previous candle.

For more information about this Candlestick Pattern, please check out Bearish Counter Attack Patterns and Bullish Counter Attack Patterns.

Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.