BEST TOOLS INDICATOR MT4 FINDS WEDGES, WHICH ARE CONTINUATION PATTERNS IDENTIFIED

BEST TOOLS INDICATOR MT4 FINDS WEDGES, WHICH ARE CONTINUATION PATTERNS IDENTIFIED

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Salepage: BEST TOOLS INDICATOR MT4 FINDS WEDGES, WHICH ARE CONTINUATION PATTERNS IDENTIFIED

This indicator finds wedges, which are continuation patterns identified by converging trendlines surrounding a price consolidation period. The indicator confirms the pattern breakout with a donchian breakout.

Easy to use

Customizable pattern size

Customizable colors and object sizes

It implements patterns and breakout signals

It implements alerts of all kinds

When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

Indicator Settings

The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.

Pattern Settings

Choose the colors of the patterns.

Breakouts

The indicator implements breakouts to make trading easier. You can choose the size and color of the arrows.

Alerts

Enable or disable alerts at will.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

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