At the end of the downtrend or decline, the presence of three consecutive long white candlesticks signify the end of the downward move and the beginning of a new move in the opposite direction. Each Marubozu opens below the previous c...

The decline continues to record lower prices as reflected by the long black candle. Next session is characterized by a smaller black body that is completely engulfed by the previous long black body, signalling weakness, setting the st...

The market continues to trade in the direction of the established decline, registering lower lows. The next session is bullish, pushing prices higher. The matching lows indicate that a possible bottom may be in place and a reversal ma...

During the course of a decline, a long white candlestick exceeds the midpoint of the previous long black candle. The white candle opens below the previous close or low. Traders open short positions in the direction of the descent,...

A small candlestick body of either colour follows a candlestick of a long black body. The colour of the small candlestick is not important. The bearish decline is running out of steam as shown by the presence of the small candle wh...

A long white candlestick is formed at the end of a downtrend, preceded by a small black candlestick. The body of the small black candlestick is completely engulfed by the body of the long white candlestick. The bearish pressure of ...

It forms at the end of a decline or near a support area. The candle has a long white body and very small or non-existent lower shadow. The session opens near the low and closes near the high of the candlestick. A long white body at...

The presence of a hammer at the end of a downtrend or decline, alerts for a possible bullish reversal. Traders trade in the direction of the prevailing downward trend, opening mostly short positions which drives the market even lower....

A candlestick of a long white body that forms at the end of a downtrend, or at a support area. This has bullish reversal implications. The prolonged decline brought prices lower- to a point that caught the traders’ attention, who then...

To add indicators to your MT4, please follow the instructions below. For Windows PC: Download and install the indicator and log in to your trading platform. Select the ‘Open data folder’ from the ‘File’ tab. Click ‘MQL4’ and ...