Technical Indicators for MetaTrader 4

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MetaTrader 4

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Indicators
MetaTrader 4
Mahmoud Helmy Sedik Mohamed Mansour
1.0
5

Overview

Candlestick patterns have little value without the right price action context. If you’ve been studying candlestick formations, you must have heard this principle many times over. You cannot trade patterns in a vacuum.

But what do we mean by context?

It is an overall technical assessment that encompasses:

  • The market’s trend
  • Support and resistance structure
  • Recent price formations
  • Volatility

It seems intimidating at first, but a simple trading indicator can help us out here - the moving average.


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