CPR (Candlestick Pattern Recognition) is a Forex custom indicator designed to identify forming candlestick patterns on your charts. Candlesticks offer a unique perspective into the world of price and chart analysis and are usually used as entry points in conjunction with another system.
This indicator will attempt to offer commentary on the current patterns found as well as a quick scan, showing you the most recent pattern on each timeframe and how many bars back that pattern was found.
Below is the list of Patterns CPR looks for.
To apply this indicator on your chart, simply drag and drop the "IBFX – CPR" from your Navigator's window "Custom indicator" list.
IBFX - CPR.ex4
Last compiled on April 18th, 2010 on MT4 build 226
Step 1: Download the setup file and double click on it. Follow on screen instructions.
Step 2: Select the tools you would like to install, click next. (Make sure to select your MT4 installation folder).
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