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MetaTrader4/5 Indicator
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Cup and Handle Pattern
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Age 3+
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level: intermediate
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English
Author's Instructions
The Cup and Handle Pattern Indicator is in MetaTrader 4 indicator that helps identify one of the most commonly used technical analysis patterns on price charts. This pattern, shaped like a U, can form bullish trends like the Cup and Handle pattern.
Similarly, it forms an inverted U in bearish trends, known as the Reversal Cup and Handle pattern. The indicator typically identifies this pattern in solid trends, indicating that the trend will continue. After the handle is formed, one should wait for a price breakdown. This breakout should be confirmed with an increase in trading volume.
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MetaTrader4/5 Indicator
-
Cup and Handle Pattern
-
Age 3+
-
level: intermediate
-
English
Author's Instructions
The Cup and Handle Pattern Indicator is in MetaTrader 4 indicator that helps identify one of the most commonly used technical analysis patterns on price charts. This pattern, shaped like a U, can form bullish trends like the Cup and Handle pattern.
Similarly, it forms an inverted U in bearish trends, known as the Reversal Cup and Handle pattern. The indicator typically identifies this pattern in solid trends, indicating that the trend will continue. After the handle is formed, one should wait for a price breakdown. This breakout should be confirmed with an increase in trading volume.