Homing Pigeon

The Homing Pigeon candlestick pattern indicator generally signifies a bullish trend reversal or an upcoming uptrend. This Indicator works by generating buy trade signals after the pattern has formed. For more information about this candlestick pattern, please check out Homing Pigeon. Users most likely will only want to generate buy trade signals and use this at higher time intervals.

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.