ABC Pattern or the 123 chart pattern - Most Pofitable Forex Strategies Free Forex MT4 Indicators Download
ABC Pattern or the 123 chart pattern The indicator is in a position to watch the formation of pattern in real time.It informs the trader when the pattern is completely formed (Most Pofitable Forex Strategies when the price breaks the line in point 2) and displays the completed patterns in history. The patterns are never redrawn.The indicator will establish patterns on any instruments (currency pairs, securities market, gold, etc.) without the need to adjust to each instrument.Best Free MT4 & MT5 Indicator.Simple and clear visualization of patterns. Best Free MT4 & MT5 Indicator.It is doable to show points one,2,3 on a chart option Show points 1,2,3.The indicator determines the doable targets for triggering the pattern.The targets are calculates based on the Fibonacci levels or the Fibonacci extension (set by the Method of calculating the Profit Levels parameter). From one to five targets can be calculated.
These targets have an outline on the chart, that contains the Fibonacci number and therefore the index number.
In order to point out them, enable the display of graphical objects descriptions (press the F8 key on the chart and select the Show object descriptions option.
ABC Pattern or the 123 chart pattern Features
Best Free MT4 & MT5 Indicator uses a custom proprietary non-redrawing ZigZag for decisive patterns, thus the indicator ne'er repaints its signals.The 123 pattern will indicate either a reversal or a trend.
The 123 pattern is effective on any instruments and timeframes from 5-minute charts or 1 week chart or 1 month chart
The bigger the quantity of bars forming the pattern from purpose one to purpose 3, the bigger the value movement is foreseen when breaking Forex MT4 Indicators Free Download
If point 1 has a pin-bar (Hammer or Shooting Star in candlestick analysis), it strengthens the pattern.For Intraday trading, it is recommended to look for the pattern only on the European and American sessions.According to the forex trading system, a pattern is considered to be triggered when a bar breaks the line at the level of point 2.Forex MT4 Indicators Free Download
That is, the bar should shut on the opposite facet of the road, and not simply touch or pierce it.
However, the indicator also can take into account a straightforward bit of the road from purpose two as pattern triggering parameter Method for pattern triggering.
Recommendations :
Use MetaTrader 4 Forex trading platformMajor, Minor and Exotic currency pairs(EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD)
Favorite time to trade:London session,New York session.
Best Time Frame:1-minute or 5-minute charts or 15-minute chart or 1-hour charts or 4-hour chart or 24-daily chart or 1 week chart or 1 month chart
Use Best Forex Brokers:Plus500,FXTM,XTB,Alpari,OctaFX,FPMarkets,Exness
ABC Pattern or the 123 chart pattern Free Forex MT4 Indicators Download
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