The 2-candlestick reversal Metatrader 4 indicator is a great buy and sell Forex indicator based on a lag-free simple candlestick pattern.
There’s no lag involved since it’s based on a price action technique.
The indicator will draw buy and sell arrows based on this lag-free candlestick trading pattern.
- A green arrow represents a buy signal.
- A red arrow represents a sell signal.
The 2 candlestick no-lag reversal indicator suits both scalping and day trading.
It’s not recommended to use it for swing trading.
Download This MT4 Forex Indicator Free
Download the “2-candles-pilot-indicator.ex4” Metatrader 4 indicator
2 Candlestick No-Lag Reversal Indicator Chart
Here’s an example of how the 2 Candlestick Reversal indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 2 Candlestick Reversal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair when the indicator paints the first green arrow on the chart. The trend is now short-term bullish.
A stop loss can be placed slightly below the previous swing low support, or use your own stop loss strategy.
Exit the buy trade for 10-50 pips, depending on the time frame.
Sell Trigger: Sell the currency pair when the indicator paints the first red arrow on the chart. The trend is now short-term bearish.
A stop loss can be placed slightly above the previous swing high resistance, or use your own stop loss strategy.
Exit the sell trade for 10-50 pips, depending on the time frame.
Download This Forex Indicator Now
Download the “2-candles-pilot-indicator.ex4” MT4 indicator
Adjustable Parameters
Alerts message, alerts sound, alerts emails, alerts mobile, colors, width, style.
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: price pattern
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
