Candlestick Pattern Detector
Bullish Engulfing Bearish Engulfing Bullish Harami Bearish Harami Hammer Shooting Star Morning Star Evening Star
How it works
The indicator analyzes the current chart and checks the last candles for selected candlestick formations.
When a bullish pattern is detected, the indicator can display a green arrow below the candle and a text label with the pattern name.
When a bearish pattern is detected, the indicator can display a red arrow above the candle and a text label with the pattern name.
The Moving Average filter can be enabled to detect patterns only in the selected trend context. You can use SMA or EMA and adjust the MA period according to your trading style.
Who can use this indicator
Price action traders Forex traders Gold traders Crypto traders Stock and index traders Beginners learning Japanese candlestick patterns Traders who want a simple visual candlestick signal tool
Recommended usage
Use this indicator to quickly find potential candlestick setups on the active chart. For better signal quality, combine detected patterns with support and resistance levels, trend direction, market structure, volatility, and proper risk management.
Higher timeframes such as H1, H4, and D1 usually provide cleaner candlestick signals. On lower timeframes, it is recommended to use the Moving Average filter to reduce market noise.
Important
This indicator is not a trading robot and does not open trades automatically. It is a technical analysis tool for visual detection of candlestick patterns.
Candlestick patterns should not be used as standalone trading signals. Always confirm signals with additional analysis and use proper risk management.
Candlestick Pattern Detector for MT4 is a simple and useful tool for traders who want to add automatic Japanese candlestick pattern recognition to their MetaTrader 4 charts.
My products: https://www.mql5.com/ru/users/astra077/seller
In the product line:
Candlestick Pattern Detector — a free basic version.
Candlestick Patterns Standard — a paid single-chart version with extended patterns and filters https://www.mql5.com/ru/market/product/174659
User Guide:
Manual traders
Japanese Candlestick Patterns Pro MT4 — a professional single-chart version with a summary table https://www.mql5.com/ru/market/product/174681
Multi-Currency Candlestick Pattern Scanner — the ultimate version: a multi-currency and multi-timeframe scanner with a dashboard panel https://www.mql5.com/ru/market/product/174689
Each buyer of this indicator also receives a Bonus Package:
Detailed installation and setup guide. Recommended settings for different timeframes. Ready-made presets for Currency pairs, gold, indices, and cryptocurrencies. Explanation of the candlestick pattern logic. Moving Average filter recommendations. Tips for reducing false signals. Settings for more frequent or stricter signals. Support with installation and basic setup. Indicator updates and improvements. Ability to use the indicator in a manual trading system.
To receive the Bonus Package, please contact the seller through the MQL5 private messaging system.
Candlestick Patterns Standard for MT4 is an advanced candlestick pattern indicator for MetaTrader 4 that automatically detects popular Japanese candlestick formations on the active chart. The indicator displays bullish and bearish signals using arrows and text labels, and supports a Moving Average trend filter, a volume filter, and alerts:
Japanese Candlestick Patterns Pro MT4 is a professional indicator for MetaTrader 4 designed to automatically detect Japanese candlestick patterns on the chart. It displays bullish and bearish signals with arrows and text labels, shows a pattern summary table, and supports a trend filter, volume filter, and alerts:
Multi-Currency Candlestick Pattern Scanner for MT4 is a professional multi-currency candlestick pattern scanner for MetaTrader 4. The indicator analyzes multiple trading instruments and timeframes simultaneously, displays detected bullish and bearish patterns in a dashboard panel, shows arrows and labels on the chart, and supports Moving Average visualization, a trend filter, a volume filter, and alerts.
The indicator helps traders find potential bullish and bearish candlestick formations faster, without manually checking every candle. Detected patterns are displayed on the chart using arrows and text labels, making technical analysis more convenient and visual:
Candlestick Pattern Detector for MT4
Candlestick Pattern Detector is a free MetaTrader 4 indicator for automatic detection of popular Japanese candlestick patterns directly on the chart.
The indicator helps traders quickly identify potential bullish and bearish candlestick setups without manually checking every candle. It marks detected patterns with arrows and text labels, making chart analysis faster and more convenient.
This free version is suitable for traders who use price action, Japanese candlestick analysis, reversal patterns, trend confirmation, and manual trading strategies.
Main features
Automatic candlestick pattern detection Bullish and bearish arrows on the chart Text labels with pattern names Moving Average trend filter SMA and EMA options Moving Average visualization on the chart Terminal popup alerts Push notifications Works on the last closed candle No repainting of closed signals Simple and lightweight Suitable for any symbol and timeframe in MetaTrader 4
Detected patterns