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Pattern

Pattern indicator is a powerful multipurpose VertexFX client-side script indicator that identifies and displays various candlestick patterns.

Candlestick patterns are a powerful ancient Japanese method of identifying interesting occurrences in the price behavior. When the price exhibits certain characteristics, there is a high probability that the market will exhibit certain predictable behavior. For example, a Doji pattern occurs when the opening and the closing prices are very close, and the candle is short in height. It implies that the market is trading in a close range and is undecided about the future course, or has exhausted the current course. For example, a Doji pattern after a long bear market can imply change in direction and a bullish trade can be initiated.
This indicator identifies 13 patterns. It is recommended to refer to the candlestick patterns for more details on trading opportunities.

The candlestick patterns detected by this indicator are :
1) Hanging Man.
2) Hammer.
3) Inverse Hammer.
4) Lower Marubozu.
5) Higher Marubozu.
6) Evening Star.
7) Engulfing.
8) Harami.
9) Piercing.
10) Three White Soldiers.
11) Southern Star.
12) Abandoned Baby.
13) Doji.

   
   
   
   
   
   
 
 

BUY - BUY trades should be taken if the recent candlestick pattern displayed is a BULLISH pattern.
SELL - SELL trades should be taken if the recent candlestick pattern displayed is a BEARISH pattern.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

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18 January 2017
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Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.

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This website and its content are copyrights of Hybrid Solutions - © Hybrid Solutions 2002 - 2017. All rights reserved.

Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not interfere in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.

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