Is it possible to create an indicatro which can detect different chart patterns and draw it on mt4 charts.
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DislikedSummary of Chart Formations
Chart formations are like bazookas because they often create huge explosions on the chart.
Triangles
Symmetrical triangles
Consist of lower highs and higher lows
Place entry orders above the lower highs and below the higher lows
Ascending triangles
Consist of higher lows and a resistance line
It usually means that the price will break the resistance line and go higher but you should place entry orders on both sides just in case the resistance line is too strong....Ignored