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REGISTER PARTICIPANTS 123 Pattern 6.0

Discussion in 'Forex indicators MT4' started by Emma McNeill, Aug 25, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
    Staff Member Organizer

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    #123Pattern60

    The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a fibonacci retracement between 38.2% and 61.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed
    • Clear trading signals
    • Customizable colors and sizes
    • Implements performance statistics
    • Customizable fibonacci retracement levels
    • It displays suitable stop-loss and take-profit levels
    • The indicator can be used to find continuation or reversal patterns
    • It is non-repainting and non-backpainting
    • It implements email/sound/visual alerts
    123 Patterns can present themselves as continuation or reversal patterns. To make things easier, the indicator allows you to choose which type of patterns to look for, making it a fantastic tool for trend or reversal traders.

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