However, after testing a ton of the free indicators, not being satisfied with any of them, looking for more free indicators, finding outdated indicators and trying to updated them, etc., I had hit a brick wall. My intention was to write an article about a good free candlestick pattern indicator for MT4. I wasn't originally intending to write a Nison Candle Highlighter or Nison Candle Scanner review. Quick Navigation My Nison Candle Highlighter / Nison Candle Scanner Review That being said, this indicator highlights candlestick patterns according to Steve's own specifications, so you know that it's accurate. I've seen others claiming to be the authority on candlestick trading, but Steve Nison is the real deal. We literally have candlesticks on our charting platforms in the West because of the efforts of Steve Nison. Steve Nison is the father of Japanese candlestick trading in the West. NCS has the added ability to scan for patterns and alert you when new patterns develop. This indicator accurately highlights 28 of Steve Nison's favorite candlestick patterns. There is also a version of the indicator called the Nison Candle Highlighter (NCH) which is available for the MetaTrader 4 and eSignal platforms. Summary: Nison Candle Scanner (NCS) is an indicator for the Ninja Trader, Trade Navigator, and Trade Station platforms. The MetaTrader 4 version does not use alerts (when it easily could).You can't select an separate color for each individual pattern.You can't customize the label color for the neutral patterns.This is the most accurate candlestick pattern indicator that I have tested.There's no limit to the number of accounts you can install this indicator to.There's no need to contact support or generate a new key for each new trading account.Select from full labels (Bearish Engulfing) and abbreviated labels (-E).It allows you to customize the color of the bullish and bearish labels.You can enable and disable each candlestick pattern individually.Nison Candle Scanner / Highlighter is easy to use.They even remotely accessed my computer to solve the problem. I initially had trouble activating the indicator (more on this later). No need to generate a new key for each trading account.
The indicator is very straight forward and easy to use. However, no other indicators that I've tested come close to the accuracy of this one. It's expensive compared to other premium indicators of its kind. However, you can't set an individual color for each pattern and alerts don't work in the MT4 version. This indicator has all of the important features you need. Nison Candle Scanner Pro (Nov 2013) Download, I’ve literally written the “Bibles” of candlestick charting. Steve Nison’s Unleashing the Profit Power of Candlesticks.
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