Bheurekso Candlestick Pattern Indicator for MetaTrader 4 Download - Free

The Bheurekso Pattern Indicator, designed for the MetaTrader 4 (MT4) platform, is an advanced tool for identifying candlestick reversal patterns on the chart. This indicator can detect six bullish and six bearish candlestick patterns, displaying them with specific labels on the chart. In addition to pattern identification, it provides signals and alerts to inform traders about the formation of these patterns, enabling timely trade entries and exits based on their positions.

Indicator Table

Bullish Patterns

The GBP/USD 30-minute chart, the price rises every time bullish patterns form. The Bheurekso Pattern Indicator identifies these bullish patterns, helping traders recognize trend reversals from bearish to bullish. These patterns include Harami, Piercing, Engulfing, and Morning Star. Traders can use these patterns to enter buy trades and adjust their strategies accordingly.

Bearish Patterns

The USD/CHF 1-hour chart, the Bheurekso Pattern Indicator, helps identify bearish reversal patterns. The indicator labels each one on the chart by accurately detecting these patterns. Additionally, the indicator sends alerts to notify traders of their formation, enabling more precise trade decisions.

Indicator Settings

Display_Settings: Adjusts chart appearance and data display settings

• Chart_theme: Choose a chart theme or color scheme;

Indicator_Settings: Core settings for the indicator

• Alert_all: Enable alerts for all patterns;
• Bull_harami_alert: Alert for bullish Harami pattern;
• Bull_piercing_alert: Alert for bullish Piercing pattern;
• Bull_engulf_alert: Alert for bullish Engulfing pattern;
• Bull_morning_star_alert: Alert for bullish Morning Star pattern;
• Bull_hammer_alert: Alert for bullish Hammer pattern;
• Bear_harami_alert: Alert for bearish Harami pattern;
• Bear_piercing_alert: Alert for the bearish Piercing pattern;
• Bear_engulf_alert: Alert for bearish Engulfing pattern;
• Bear_dark_cloud_alert: Alert for bearish Dark Cloud pattern;
• Bear_evening_star_alert: Alert for the bearish Evening Star pattern;
• Bear_shooting_star_alert: Alert for bearish Shooting Star pattern;
• Font_size: Adjust the font size on the chart;
• Line_text_color: Set line text color;
• Buy_color: Set buy signal color;
• Sell_color: Set sell signal color;
• Lookback: Specify the number of past candles for analysis.

Conclusion

The Bheurekso Pattern Indicator is a practical tool for traders seeking reversal patterns on price charts. Identifying and displaying classic reversal patterns alerts traders of their formation, helping them achieve better results and make informed decisions.