Category Volatility  Published on 30/09/2023

[cTrader Indicators] TwoOne Candlestick Patterns Pack - Demo version

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

Hi fellow cTraders,

We are excited to share with you our first cTrader indicators pack - TwoOne Candlestick Patterns Pack. 

We created this indicator because we wanted to share our passion and tools for Forex trading with you. We believe that candlestick patterns are one of the best ways to trade and we want to help you achieve your trading goals.

About the candlestick patterns

Candlestick patterns are one of the oldest and most reliable tools for technical analysis. They can help you spot trends, reversals, breakouts, and signals for entry and exit. They can also help you understand the psychology and emotions of the market participants

If you want to master the art of Forex trading, you need to learn how to read candlestick charts. But how do you know which candlestick patterns are important and what they mean? How do you spot them quickly and easily on any chart and time frame?

That’s where our Candlestick Patterns Indicator Pack comes in! 💯😊

This Indicators pack is suitable for beginners and experienced traders alike. Whether you trade on daily, weekly, or intraday charts, you will find valuable insights and tips in your currency pair.

The demo pack is a collection of five essential candlestick patterns. These patterns are:

  • Bearish Engulfing: A sign of a possible downtrend, when a large bearish candle engulfs a smaller bullish candle.
  • Doji: A sign of indecision, when the opening and closing prices are almost equal.
  • Evening Star: A sign of a possible reversal, when a bullish candle is followed by a small candle and then a large bearish candle.
  • Hammer: A sign of a possible uptrend, when a small body with a long lower shadow forms after a downtrend.
  • Hanging Man: A sign of a possible reversal, when a small body with a long lower shadow forms after an uptrend.

The full pack gives you access to a comprehensive collection of 20 essential candlestick patterns that every trader should know. These patterns are:

  • Bearish Engulfing: A sign of a possible downtrend, when a large bearish candle engulfs a smaller bullish candle.
  • Bearish Harami: A sign of a possible reversal, when a small bearish candle forms inside a larger bullish candle.
  • Bullish Engulfing: A sign of a possible uptrend, when a large bullish candle engulfs a smaller bearish candle.
  • Bullish Harami: A sign of a possible reversal, when a small bullish candle forms inside a larger bearish candle.
  • Dark Cloud Cover: A sign of a possible reversal, when a bearish candle opens above the previous bullish candle’s high and closes below its midpoint.
  • Doji: A sign of indecision, when the opening and closing prices are almost equal.
  • Doji Star: A sign of a possible reversal, when a doij forms above or below a long candle.
  • Dragon Fly Doji: A sign of a possible reversal, when a doji with a long lower shadow forms after a downtrend.
  • Evening Star: A sign of a possible reversal, when a bullish candle is followed by a small candle and then a large bearish candle.
  • Evening Star Doji: A sign of a possible reversal, when a bullish candle is followed by a doji and then a large bearish candle.
  • Gravestone Doji: A sign of a possible reversal, when a doji with a long upper shadow forms after an uptrend.
  • Hammer: A sign of a possible uptrend, when a small body with a long lower shadow forms after a downtrend.
  • Hanging Man: A sign of a possible reversal, when a small body with a long lower shadow forms after an uptrend.
  • Inverted Hammer: A sign of a possible reversal, when a small body with a long upper shadow forms after a downtrend.
  • Morning Star: A sign of a possible reversal, when a bearish candle is followed by a small candle and then a large bullish candle.
  • Morning Star Doji: A sign of a possible reversal, when a bearish candle is followed by a doji and then a large bullish candle.
  • Piercing Pattern: A sign of a possible reversal, when a bullish candle opens below the previous bearish candle’s low and closes above its midpoint.
  • Raindrop: A sign of indecision or balance, when the opening and closing prices are equal and form the outline of the candle body.
  • Raindrop Doji: A sign of indecision or balance, when the opening and closing prices are equal and form the outline of the doji body.
  • Shooting Star: A sign of a possible reversal, when a small body with a long upper shadow forms after an uptrend.

 

Visual Parameters

You can also customize the icon and color of each pattern to suit your preference.

  • Icon – Select an icon to display at the top of the candle.
  • Color – Choose the color of the icon from a color picker.

Different software versions to suit your needs

This pack is available in three versions:

This is a one-time payment with no recurring fees or subscriptions. You will get instant access to the product as soon as you complete your purchase.

What's in the pack?

You will get the following .calgo files in the download package:

  • Bearish Engulfing - cTrader indicator
  • Bearish Harami - cTrader indicator
  • Bullish Engulfing - cTrader indicator
  • Bullish Harami - cTrader indicator
  • Dark Cloud Cover - cTrader indicator
  • Doji - cTrader indicator
  • Doji Star - cTrader indicator
  • Dragon Fly Doji - cTrader indicator
  • Evening Star - cTrader indicator
  • Evening Star Doji - cTrader indicator
  • Gravestone Doji - cTrader indicator
  • Hammer - cTrader indicator
  • Hanging Man - cTrader indicator
  • Inverted Hammer - cTrader indicator
  • Morning Star - cTrader indicator
  • Morning Star Doji - cTrader indicator
  • Piercing Pattern - cTrader indicator
  • Raindrop - cTrader indicator
  • Raindrop Doji - cTrader indicator
  • Shooting Star - cTrader indicator

If you are interested in learning more about Forex Candlestick Patterns, please click on the link below to visit the product page. 

cTrader Indicators - TwoOne Candlestick Patterns Pack

We hope you enjoy our Forex Candlestick Patterns. We look forward to hearing your feedback and results.

Happy trading!

Best regards,
The TwoOne Team


How to install cTrader Indicators

  1. Download and unzip the Indicator Pack
  2. Double-click on the downloaded indicator (.calgo) file. This will automatically install all necessary files in cTrader.
  3. Select the indicator from Custom in the functions menu in the top center of the chart
  4. Enter the parameters and click OK.

The author decided to hide the source code.
twoonetrade's avatar
twoonetrade

Joined on 30.09.2023

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: TwoOne_Candlestick_Hammer-DEMO.algo
  • Rating: 5
  • Installs: 973
  • Modified: 30/09/2023 05:45
Comments
Log in to add a comment.
No comments found.