Cypher Pattern Indicator

Cypher Pattern Indicator

Cypher Pattern is an MT4 indicator that offers the best solution for spotting key price formations, especially in forex & stock charts. Defines precise buy/sell zones.

The Cypher Pattern is a technical indicator for MT4 that spots specific price formations, helping you determine upcoming trend directions.

This indicator plots automatic trendlines for identifying cypher patterns and teaches how to use this price structure for anticipating buy/sell entries and exits correctly.

Technically, cypher pattern portrays the harmonic price formation that predicts the upcoming trends based on recent market highs and lows. Since the indicator connects past price swing levels with straight lines, you can use it alongside RSI and MACD to determine divergence trade setups.

Furthermore, Cypher Pattern indicator works in multi-timeframe charts of Metatrader 4, allowing you to go for scalping and intraday trading simultaneously.

This guide will explain how to apply the Cypher Pattern strategy for determining highly probable buy/sell setups in MT4, including chart examples.

How to anticipate forex and stock buy-sell signals by using the Cypher Pattern indicator in MT4
In the above example, we have demonstrated a bearish cypher pattern. X is the starting point of the initial price movement, which is considered based on the market’s recent highest highs or lowest lows.

The distance between X and A reflects the first price movement within the current market trend. B is the immediate pullback level compared to the initial price movement. C is the pattern low that can be formed below above or below A. Finally, count D as the maximum pullback level of the price before the market starts the bearish rally. Please consider the final retracement point “D” invalid if it forms above X.

For bullish Cypher Patterns, X will determine the lowest low of the market, and the final pullback level (D) must form above X.

Conclusion
Cypher Pattern is a super MT4 indicator that makes it easier to trade forex and stocks based on harmonic price structures. For beginners, it may look like an advanced trading strategy. However, the simple chart demonstration of the indicator makes it much easier to spot cypher patterns and instantly decide on a trade entry or exit. Moreover, it works well alongside other trend oscillators like RSI, Stochastics, and MACD