Using a manual approach to find QM patterns can be difficult because they are relatively rare and require precise structural breaks. The MT4 indicator automates this process: Quasimodo Indicator for MT4 and MT5 - OVERVIEW
Occurs at the end of an uptrend. The market forms a higher high (HH), traps breakout traders, and then crashes through the structure to create a lower low (LL). Traders look to "sell" when price retraces back to the initial high (left shoulder). Key Features of the QM MT4 Indicator qm indicator mt4 free download
The is a specialized price action tool that automatically identifies the Quasimodo pattern (also known as the "Over and Under" pattern) on MetaTrader 4 charts. This advanced reversal pattern is highly valued by professional traders for its ability to spot institutional "liquidity traps" and trend shifts with high precision. What is the QM Pattern? Using a manual approach to find QM patterns