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James16 Patterns Indicator for MT4: Simplifying Price Action Trading
The James16 Patterns Indicator for MetaTrader is a powerful tool built around the James16 trading strategy. It uses multiple price action patterns to identify opportunities for BUY trades during market dips and SELL trades during rallies.

The James16 Patterns Indicator for MetaTrader is a powerful tool built around the James16 trading strategy. It uses multiple price action patterns to identify opportunities for BUY trades during market dips and SELL trades during rallies.

Why Use the James16 Patterns Indicator?
- For All Traders:
- Perfect for beginners by automating and simplifying a complex strategy.
- Saves time for experienced traders.
- Versatile: Works for scalpers, day traders, and swing traders.
- Focus on Price Action: Helps identify key patterns that signal market moves.
How It Works: BUY/SELL Signals
The James16 Patterns Indicator highlights three types of price action patterns:- Non-Directional: Neutral patterns with no clear trend direction.
- Bullish Patterns:
- Double Bar Low Higher Close (DBLHC)
- Two Matching High Bars (TMHTB)
- Bullish Pin Bars
- Bullish Outside Vertical Bar (BUOVB)
- Bearish Patterns:
- Double Bar High Lower Close (DBHLC)
- Two Matching Low Bars (TMLTB)
- Bearish Pin Bars
- Bearish Outside Vertical Bar (BEOVB)
Example Trade Signals
- BUY: If the indicator shows a DBLHC, it signals a likely upward move.
- SELL: If a BEOVB appears, it suggests a downward price movement.
Best Practices for Using the Indicator
For optimal results, combine the indicator with pivotal levels like:- Support and Resistance Zones
- Fibonacci Levels
- Price Action Confirmation