The JediScalper indicator has emerged as a necessary tool for forex traders who rely on candlestick pattern recognition for making informed decisions. This unique trading software identifies over 100 common and uncommon candlestick patterns on the active chart, providing an optimized trading experience in the financial markets.

Capabilities of the JediScalper Indicator

JediScalper boasts a comprehensive catalogue of 103 common and uncommon candlestick patterns, along with six additional patterns based on meticulous research. The indicator scans the chart and labels each bar according to the candlestick pattern it identifies. In instances where a candle meets the requirements for multiple patterns, the bar will be labeled with up to four pattern names found. The wide range of patterns, from the Hammer and Bullish Engulfing to the more complex MatHold and FallingSeaSaw, ensures a thorough analysis of price action.

Adjustable Settings for Personalized Experience

The JediScalper indicator offers adjustable settings for a more personalized trading experience. The settings include the ‘Average Candle Height Length’, which is the look back length to calculate average candle/body heights for patterns that look for long/short candles. The ‘Is Trending Length’ allows you to check if the price is trending up/down based on the look back length.

Further customization is possible with the ‘Display Label’, where you can toggle to display the pattern name. The ‘Label Font’, ‘Label Font Size’, ‘Label Color’, and ‘Label Rotation’ settings offer flexibility in how the pattern names are displayed. The software also allows you to count the number of patterns found within a range by adjusting the ‘Length to count number of patterns found’.

Enhanced User Interface

Apart from the rich functionality, JediScalper ensures ease of use with its user-friendly interface. The ‘Use Full Candlestick Pattern Name’ setting allows you to toggle between displaying the full candlestick pattern name or the short-hand name. The ‘Points to displace pattern name’ setting enables you to move the label up or down, offering better visibility if you’d prefer to see the label above/below the bar.

Independent Testing and Updates

Independently testing a product before investing in it is always a smart move. Potential users can watch independent testing of the JediScalper indicator on the forexroboteasy.com website. Subscriptions for updates on the testing results of this product are also available, keeping you informed about its performance and reliability.

FAQs

1. What is the JediScalper Indicator?

The JediScalper Indicator is a trading software that scans the active chart for candlestick patterns, labeling each bar according to the pattern(s) it identifies. It is designed to enhance forex trading by providing a more informed analysis of price action.

2. How many candlestick patterns can the JediScalper Indicator identify?

The JediScalper Indicator can identify 103 common and uncommon candlestick patterns along with six new patterns based on recent research.

3. Can I customize the settings on the JediScalper Indicator?

Yes, the JediScalper Indicator offers several adjustable settings for personalized usage. These include settings for average candle height length, trending length, display label, label font, label font size, label color, label rotation, and more.

We invite readers to share their experience of using this product. It’s important to note that this is an independent product review, and all views expressed are based on analysis and user feedback.