Harami and Harami Cross Pattern Indicator MT4

Harami and Harami Cross Indicator off chart MT4

Summary

The Harami and Harami Cross indicator is a candle pattern indicator that draws a signal on the chart whenever a matching candle pattern is formed. The indicator criteria are:

1. A small real body which is contained within a prior relatively long real body.

2. For bullish harami the first candle should be red. The second candle can be red or green.

3. For bearish harami the first candle should be green. The second candle can be red or green.

The signal is shown on the chart by a green arrow below the candle for the bullish harami and a red arrow above the candle for a bearish harami. Indicator includes alert notifications.

Key Benefits

Candle patterns are some of the most commonly used technical analysis tools. This indicator allows you to quickly identify the Harami and Harami Cross Pattern either on the chart or in a separate window. This will help you to scan the markets to analyse this signal against your trading strategy or to assist you in your trade management decisions.

 

For full indicator details and inputs visit the indicator page HERE

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