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Candlestick Scanner

What is a Candlestick Scanner?

  • A Candlestick Scanner is an advanced trading tool that helps traders identify various candlestick patterns in real-time.
  • It scans multiple currency pairs and timeframes to locate patterns used in price action trading.
  • These patterns can indicate potential market reversals or continuations.

    • Types of Patterns Detected

  • The scanner can recognize 23 different candlestick patterns, including:
    • One bar patterns: Hammer, Shooting Star, Doji, Pin Bar
    • Two bar patterns: Engulfing, Harami, Piercing, Dark Cloud Cover
    • Three bar patterns: Morning Star, Evening Star, 3 White Soldiers, 3 Black Crows
    • Five bar patterns: Rising Three Methods, Falling Three Methods

    Key Features

  • Multi-timeframe and multi-symbol dashboard for comprehensive analysis.
  • Customizable alerts for traders, enabling notifications via pop-up, email, or mobile push notifications.
  • Integration with support and resistance zones to filter results based on critical market areas.
  • Ability to view patterns on multiple charts simultaneously, aiding in decision-making. 🚀
  • Compatible with various markets like Forex, Commodities, Stocks, and Crypto.

    • Utilizing the Candlestick Scanner

  • The scanner can serve as a vital component in developing automated trading strategies with expert advisors.
  • Traders can set specific parameters to tailor their scans based on their preferences; for instance, focusing only on specific patterns or time frames.
  • It's a user-friendly tool designed to enhance trading efficiency and improve accuracy in pattern recognition. 📈

    • Examples of Popular Candlestick Scanners

  • All in One Candlestick Pattern Scanner (MT4): Offers a robust scanning capability across multiple symbols.
  • CandleStick Scanner for MT5: Allows users to create custom patterns for quick market scans.
  • M W Scanner: Focuses on detecting double top and bottom patterns for potential reversals.

    • Conclusion

  • Utilizing a Candlestick Scanner like EASY Trendopedia, EASY Scalperology, or EASY Breakopedia can significantly enhance trading strategies by providing critical insights into market behavior.
  • This powerful tool is designed to assist traders in spotting opportunities quickly and effectively, making it a worthwhile addition to any trader's toolkit. 🎉

    • Ever wished you could have a financial crystal ball? Meet the 'Candle patterns scanner with trend filter MT5'—your new best friend, if your best friend is a little quirky and obsessed with candlestick patterns! This multi-talented tool not only spots potential reversal patterns ...

    Release Date: 19/04/2018

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