Indicator For OB Bear Naked Pattern MT4
The Bear Naked Pattern determines convenient entry points for a market for traders.
On the chart we will see the indicator Bear Naked Pattern in the form patterns with blue and red arrows. So it will show us in which direction to open position.
Bear Naked Pattern accurately identifies and pinpoints buy and sell signals based on CCI and MA crossovers.
The indicator works best on minute time frames, in particular, on the 15-minute chart of the main currency pair GBP TO USD.
Other timeframes and pairs are possible, however testing and parameter adjustment will be necessary to achieve the best results.
How to install Bear Naked Pattern on MT4?
- Extract the downloaded BearNakedPattern file.
- Go to the “File menu” on the MT4 trading platform and click on “open data folder”. Open Mql4 folder and open bookmarks folder.
- Now paste BearNakedPattern into the indicators folder and restart MetaTrader 4.
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