: Displays dynamic support and resistance levels as horizontal lines on the chart to provide context for trades.
: Automatically scans and identifies various candlestick formations, including Bullish/Bearish Engulfing, Harami, Dark Cloud, and Bullish/Bearish Crosses.
The is a compiled indicator file for the MetaTrader 5 (MT5) platform. It is primarily used by price action traders to automate the identification of Japanese candlestick patterns and key market levels. Key Features of the Indicator
: To use it, copy the file into the MQL5 > Indicators folder of your MT5 terminal and refresh the Navigator window. Performance Considerations
: Some community feedback on forums like Forex Factory suggests the indicator may sometimes give false signals or "repaint" (change past signals based on new data), so it is often recommended to use it alongside other tools like MACD or RSI for confirmation.