cTrader ABCD Pattern Indicator

Key Features of the ABCD Pattern

The structure of the ABCD pattern consists of four points (A, B, C, and D) and three legs:

• AB: The initial price movement.
• BC: A retracement of the AB move.
• CD: A continuation in the direction of AB, often mirroring its length and proportion.

The AB and CD legs' symmetry is often equal in length (or shows a Fibonacci ratio), creating a harmonious and symmetrical pattern.

Entry and Exit Points

• Entry is typically made near point D.
• The expectation is a reversal at D, leading to potential profits as the price moves away from that point.

How the Indicator Works

An ABCD pattern indicator helps automate the detection by:

• Scanning the chart for the specific price movements that form the AB, BC, and CD legs.
• Applying Fibonacci retracement and extension levels to measure the proportions of the legs.
• Highlighting potential entry and exit points and even suggesting stop-loss levels.

Benefits of Using an ABCD Pattern Indicator

Manually identifying patterns can be time-consuming, especially in volatile markets. This indicator can also quickly calculate Fibonacci levels and pattern symmetry.

Important Information

As with all technical indicators, use this indicator in conjunction with other indicators and your manual strategy as a confirmation. There are too many variables in the market to trade with a single indicator. 

How To Install & Remove

Follow the instructions below to install this indicator.

• How to install
• How to open
• How to remove
• How to edit settings

Any Questions?

If you have any questions, search our product help forum for the answer or post a new question.

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