This doji indicator mt4 may help any of you traders that may find difficulty in identifying doji patterns on your charts. The download link is at the very bottom so you have to scroll down to it.
I wrote a post titled 6 Awesome Doji Candlestick Patterns where I explained the 6 types of doji candles that you can find on any chart and how to trade them.
If that is something that would interest you, then check it out.
How To Use The Doji Indicator Mt4
Once you install the doji indicator on your chart, it will look like what is shown on the 1hr chart of EURUSD.
If you don’t know how to install an mt4 indicator into your charts, follow this: how to install mt4 indicators.
The doji pattern will show doji candlestick patterns in all timeframes.
Input Setting Of The Doji Indicator
The doji indicator comes with inputs where you can chance a few settings as shown below.
I leave that to you to play around with the settings and see what impact it has on your mt4 chart.
How To Trade Using The Doji Pattern Indicator
If any of your forex trading strategies uses candlesticks like doji for trade confirmation, then using this doji indicator can help you identify doji candlesticks on your charts and trade them.
Forex strategies like these below, you can use the doji pattern indicator to help you out:
- trendline trading strategy
- diagonal channel forex trading strategy
- support and resistance forex trading strategy
- wolfe wave forex trading strategy
Download Link For Doji Candlestick Pattern Indicator
Here’s the download link for the doji pattern indicator: doji_reader_2