The “Inverted Hammer and Shooting Star” indicator for MT4 detects key price action patterns. It signals bullish Inverted Hammer with a blue arrow and bearish Shooting Star with a red arrow. The indicator features no repainting or delays and includes alerts for PC, mobile, and email, making it ideal for combining with support/resistance levels.
Advantages of the Inverted Hammer and Shooting Star Indicator for MT4
The Inverted Hammer and Shooting Star pattern indicator for MT4 is a powerful tool for traders focused on price action. Here are some notable advantages of using this indicator:
- No Repaint, No Delays: This indicator provides real-time signals without repainting or lagging, ensuring that traders receive accurate information to make timely decisions.
- Pattern Detection: The indicator effectively detects both bullish Inverted Hammer and bearish Shooting Star patterns on the chart, allowing traders to identify potential reversal points quickly.
- Clear Visual Signals: Bullish Inverted Hammer patterns are marked with blue arrow signals, while bearish Shooting Stars are indicated by red arrows, making it easy to spot trading opportunities at a glance.
- Alerts: The inclusion of PC, mobile, and email alerts ensures that traders can stay informed about pattern developments, even when they are not actively monitoring their trading platform.
- Combines Well with Support/Resistance Levels: This indicator is excellent for traders looking to integrate support and resistance levels into their strategies, enhancing the overall reliability of trading decisions.
This original product is available exclusively on the MQL5 marketplace, offering traders a unique opportunity to enhance their trading experience.
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