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MetaTrader4
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Diamond Pattern Indicator
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Age 3+
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level: Beginner
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English
Author's Instructions
The Diamond Pattern Indicator identifies one of the most widely used and recurring patterns on price charts, which is very similar to the Head & Shoulders pattern and can provide suitable Entry-Exit points.
It is also beneficial for optimizing risk management and trading in line with solid trends in various markets. This indicator automatically identifies patterns where price compression has occurred, forming a diamond shape, and presents them to traders.
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MetaTrader4
-
Diamond Pattern Indicator
-
Age 3+
-
level: Beginner
-
English
Author's Instructions
The Diamond Pattern Indicator identifies one of the most widely used and recurring patterns on price charts, which is very similar to the Head & Shoulders pattern and can provide suitable Entry-Exit points.
It is also beneficial for optimizing risk management and trading in line with solid trends in various markets. This indicator automatically identifies patterns where price compression has occurred, forming a diamond shape, and presents them to traders.