Pattern indicator

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.
To use Pattern indicator download it from here, then place it at VertexFX VTL directory:

C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts, Then right click on the tree and select refresh or restart your client station and you will find under  VTL local scripts in your client terminal.



You can check this video that talks about Pattern indicator:




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