Summary of 🚀Reversal Candlestick Pattern Indicator to Trading View -📥 Free download - [Trading Finder]
The video introduces a Reversal Candlestick Pattern Indicator available for download on the Trading Finder website and usable on the TradingView platform. This indicator helps traders identify key candlestick reversal patterns directly on price charts, enhancing decision-making for entry and exit points in trading.
Main Features and Financial Strategies:
- The indicator plots reversal candlestick patterns with clear color coding:
- Green for bullish (buy) signals.
- Red for bearish (sell) signals.
- It identifies specific reversal types such as:
- Pin Bar
- Dark Cloud Cover (weak and strong)
- Piercing Line (weak and strong)
- Trin Side Bar
- Engulfing pattern
- Abbreviations like WDC (Weak Dark Cloud), WPL (Weak Piercing Line), and SPL (Strong Piercing Line) are displayed to indicate pattern strength and type.
Methodology / How to Use:
- Access the indicator by searching its name on TradingView.
- Add the indicator to favorites for quick future access.
- Customize display options in the settings/input section to:
- Show or hide specific patterns (Pin Bar, Dark Cloud, Piercing Line, Trin Side Bar, Engulfing).
- Use the indicator to monitor price reversal signals and make informed trading decisions based on pattern recognition.
Business Trend:
The video emphasizes the growing use of automated tools and indicators on platforms like TradingView to simplify technical analysis and improve trading efficiency.
Presenters / Source:
- The tutorial is presented by Trading Finder, the developer of the indicator, and is designed to assist traders in effectively using this free tool.
Notable Quotes
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Category
Business and Finance