Graphical pattern indicator, or what InstaForex calls Pattern Graphix, is a technical indicator that can display various chart patterns to help your trading analysis. You can set your trading instruments, time frames, and price movement patterns that you want to analyze with this indicator. Thus, you will get analytical information that suits your trading needs.

Observation of chart patterns is one method of analysis that makes price movement patterns the main indicator in determining the direction of further movement. In general, patterns such as triangles, flags, wedges, and other types are obtained from direct observation of price charts without the help of any indicators. This Pattern Graphix indicator is a service of InstaForex that can help you to identify chart patterns that are formed more effectively.

Information about chart patterns can help you determine the best direction for opening position orders, price targets for closing positions, and how many trading positions you can open. As soon as you activate this indicator, you will receive a service in the form of a visual notification of the current price movement pattern.

The Pattern Graphix indicator is available on the InstaForex MT4 Platform and can be downloaded for free. The complete features of this indicator include the following:

• Search and identify chart patterns according to your choice
• The available patterns include continuation patterns, reversal patterns, channels, and lines.

Meanwhile, the main settings for the notification display consist of the following:

• Show/hide the description of the chart pattern that appears
• Show/hide warning pop-ups that appear when changes occur, such as the formation of a new pattern, breakout from a certain level, etc.

To try using the Pattern Graphix indicator, you can register for an account at InstaForex to download the trading platform and enjoy the convenience of the technical tool.