123 Patterns V6
Watch the testing video here:
123PatternsV6
The Rocket 123 Patterns V6 Metatrader 4 Indicator is an excellent Forex indicator that tries to spot the winning 123- chart pattern using the three price movements that creates it.
The 123- chart pattern is traded by many profitable PRO traders.
It can also be used to identify bullish markets, bearish markets and spot reversals to trade likely powerful breakouts.
The 123 Patterns V6 Indicator works pretty well, even in counter trend mode (checkout the CADCHF M30 chart below).
How it works
- An upward dodger-blue pointing arrow gets aligned on the activity chart depicting the start of an uptrend.
- Adownward orange-red pointing arrow gets aligned on the activity chart depicting the start of a downtrend.
Tip: Trading the Relative Vigor Index MT4 indicator together with the 123 Patterns V6 Indicator creates a secure trading system.
In this case:
- A buy trend takes place when the green and red lines of the RVI indicator break and hover above the zero-horizontal level, while the 123 Patterns V6 forex Indicator pops up a dodger blue upward pointing arrow.
- A sell trend takes place when the green and red lines of the RVI indicator break and hover below the zero-horizontal level, while the 123 Patterns V6 forex Indicator pops up an orange-red downward pointing arrow.
