All you have to do is just to look if this chart pattern doji engulfing pattern forex bullish or bearish, check the general trend and decide your trading stance. You can refer to this list of Japanese candlestick patterns to quickly find the signal value of the recognized pattern.
The indicator is available for both MT4 and MT5. Other parameters — turn on and off display of various patterns. It’s not recommended to change them. First, you should understand that this indicator only indicates the patterns. You see the symbols near the candlesticks and you see the legend for the symbols in the upper left corner of the screen.