Detect Powerful Candlestick Patterns with ON Trade Japanese Candles
Are you looking for a highly accurate technical indicator that helps you identify strong price action patterns? Look no further! ON Trade Japanese Candles is a powerful tool designed to detect key candlestick formations that indicate potential market reversals and breakouts.
This cutting-edge indicator specializes in recognizing Pin Bar, Inside Bar, and Outside Bar patterns—three essential price action setups that provide traders with valuable insights into market sentiment and potential trade opportunities.
Why Use ON Trade Japanese Candles?
✔ Automated Pattern Detection – No more manual analysis! The indicator automatically identifies key candlestick formations.
✔ Accurate & Timely Alerts – Stay informed with real-time notifications and alerts when patterns appear.
✔ Customizable Parameters – Adjust detection settings based on your trading preferences.
✔ Enhance Your Trading Strategy – Use as a confirmation tool alongside your existing strategy for more precise trade entries.
Key Candlestick Patterns Detected
📌 Pin Bar – Reversal Signal
The Pin Bar pattern is a single candlestick formation that signals potential market reversals. It is characterized by:
- A small body
- A long wick (tail) extending above or below the body
✔ Bullish Pin Bar – Indicates a possible bullish reversal (price may move up).
✔ Bearish Pin Bar – Suggests a bearish reversal (price may drop).
🛠 Customizable Setting: Set the minimum range (in pips) for detecting Pin Bars.
🔍 Inside Bar – Market Consolidation & Breakout Indicator
The Inside Bar pattern occurs when the entire price range of a candle is contained within the previous candle’s range. This pattern suggests:
✔ Market indecision or consolidation
✔ A potential breakout in either direction
🛠 Customizable Setting: Define the minimum range (in pips) required for Inside Bar detection.
🔥 Outside Bar (Engulfing Pattern) – Strong Reversal Signal
The Outside Bar, also known as the Engulfing Pattern, forms when one candle completely engulfs the range of the previous candle. This is a strong signal of market momentum shift:
✔ Bullish Outside Bar – Suggests a bullish trend continuation or reversal
✔ Bearish Outside Bar – Indicates a bearish trend shift
🛠 Customizable Setting: Specify the minimum range (in pips) for Outside Bar detection.
How the ON Trade Japanese Candles Indicator Works
🔹 The indicator automatically scans price charts and highlights the strongest instances of the three key patterns.
🔹 It provides real-time alerts via push notifications, email, or pop-up alerts whenever a pattern is detected.
🔹 Use the visual settings to display or hide pattern names and target levels for cleaner charting.
Indicator Customization & Settings
🎨 Visual & Notification Settings
✔ Use_System_Visuals – Enable or disable system visuals.
✔ Use_Notification – Get real-time push notifications when a pattern is detected.
✔ Use_Alert – Enable pop-up alerts for quick action.
✔ Use_E_Mail – Receive email alerts when key patterns appear.
📈 Pattern Detection Settings
✔ Detect_PinBar – Turn Pin Bar detection on/off.
✔ PinBar_Minimum_Range – Set the minimum pips range for a valid Pin Bar.
✔ Detect_InsideBar – Enable or disable Inside Bar pattern detection.
✔ InsideBar_Minimum_Range – Define the minimum pips range for Inside Bar detection.
✔ Detect_OutSideBar – Activate or deactivate Outside Bar detection.
✔ OutSideBar_Minimum_Range – Specify the minimum range in pips for Outside Bar detection.
🎯 Chart Display Options
✔ Show_Target – Toggle target levels on/off.
✔ Show_Names – Display or hide pattern names directly on the chart.
How to Use ON Trade Japanese Candles in Your Trading Strategy
While this indicator provides highly accurate trade signals, it is best used as a confirmation tool rather than a standalone strategy. Here’s how you can integrate it into your trading approach:
🔹 Confirm Patterns with Trend Analysis – Ensure that detected signals align with the overall market trend.
🔹 Use with Support & Resistance Levels – Look for patterns forming at key price levels for stronger validation.
🔹 Combine with Indicators – Enhance accuracy by using moving averages, RSI, or MACD alongside this tool.
🔹 Apply Proper Risk Management – Always set stop-loss levels and adjust position sizes accordingly.
Why Traders Love ON Trade Japanese Candles
✔ Saves Time – No need to manually analyze charts!
✔ Improves Decision-Making – Provides objective trade confirmations.
✔ Boosts Accuracy – Helps filter out false signals and low-quality trades.
✔ Works on Multiple Markets – Use it for Forex, Stocks, Crypto, Indices, and Commodities.
Final Thoughts – Take Your Price Action Trading to the Next Level
The ON Trade Japanese Candles indicator is a must-have tool for traders who rely on price action analysis. By detecting Pin Bar, Inside Bar, and Outside Bar patterns, it helps traders identify high-probability trade setups with confidence.
🚀 Ready to trade smarter? Get ON Trade Japanese Candles today and unlock the power of advanced price action analysis!
👉 Download Now! By Contacting us
📢 Disclaimer: This indicator is a supplementary tool and should not be used as the sole basis for trading decisions. Always conduct thorough analysis and apply risk management strategies before making trades.
Check also:
You can use it with news by have it from : https://www.myfxbook.com/forex-economic-calendar