Candlestick Patterns Pro
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Japanese Candlestick Patterns Pro for MT4
Japanese Candlestick Patterns Pro for MT4 is a professional indicator for MetaTrader 4 designed to automatically detect popular Japanese candlestick patterns on the chart.
The indicator helps traders find potential bullish and bearish candlestick formations faster, without manually checking every candle. Detected patterns are displayed directly on the chart with arrows and text labels, while the built-in summary table shows the current pattern overview.
Main features
Automatic Japanese candlestick pattern detection Bullish and bearish arrows on the chart Text labels with detected pattern names Pattern summary table on the chart Moving Average trend filter SMA and EMA support Moving Average visualization on the chart Tick volume filter Flexible candle sensitivity settings Ability to enable or disable individual pattern groups Terminal popup alerts Push notifications to mobile MetaTrader Closed-candle signal calculation Optional current-candle analysis No repainting of closed signals Suitable for Forex, gold, indices, crypto, stocks, and commodities
Detected candlestick patterns
Bullish Engulfing Bearish Engulfing Bullish Harami Bearish Harami Hammer Hanging Man Inverted Hammer Shooting Star Morning Star Evening Star Piercing Line Dark Cloud Cover Three White Soldiers Three Black Crows Three Inside Up Three Inside Down Three Outside Up Three Outside Down
Pattern summary table
The Pro version includes a summary table that shows which bullish and bearish patterns are detected on the last closed candle.
The table helps you quickly evaluate the current chart situation and see the total number of bullish and bearish signals.
You can adjust the table position, row height, column width, and font size.
Trend filter
The indicator uses a Moving Average as a market context filter. You can choose SMA or EMA and adjust the Moving Average period.
The filter helps detect bullish reversal patterns after downward movement and bearish reversal patterns after upward movement. This makes the signals more consistent with classical Japanese candlestick analysis.
Volume filter
Japanese Candlestick Patterns Pro supports a tick volume filter. It allows the indicator to consider only candlestick patterns that appear during increased market activity.
The volume filter can be applied to all pattern groups. This helps reduce weak signals during low-activity market conditions.
Flexible candle settings
The indicator includes advanced sensitivity parameters that allow you to control how strictly candlestick patterns are detected:
minimum candle body size relative to price; minimum candle body size relative to the High-Low range; minimum candle body size relative to the average body; maximum short-candle body size; maximum doji-candle body size; minimum shadow-to-body ratio.
Use softer settings to get more signals. Use stricter settings to reduce noise and filter weaker formations.
Alerts
The indicator can notify you when a new candlestick signal appears on a closed candle.
Available alert types:
Terminal alerts Push notifications
This is useful if you do not want to monitor the chart manually all the time.
Who can use this indicator
Japanese Candlestick Patterns Pro for MT4 is suitable for:
Price Action traders Forex traders Gold traders Crypto traders Stock and index traders Traders who use Japanese candlestick patterns as trade confirmation Users who need visual candlestick pattern analysis Traders who need a signal summary table directly on the chart
Recommended usage
Use the indicator to find potential candlestick setups on the active chart. After a signal appears, confirm it with support and resistance levels, trend direction, market structure, volatility, and risk-to-reward analysis.
Higher timeframes such as H1, H4, and D1 usually provide cleaner candlestick signals. On lower timeframes, it is recommended to use the trend filter and volume filter to reduce market noise.
Important
This indicator is not a trading robot and does not open trades automatically. It is designed for technical analysis and visual candlestick pattern detection.
Candlestick patterns should not be used as standalone trade entries. Always use additional confirmation and proper risk management.
Japanese Candlestick Patterns Pro for MT4 is a professional tool for traders who need automatic Japanese candlestick pattern detection, visual signals, trend and volume filtering, alerts, and a pattern summary table directly on the MetaTrader 4 chart.
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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
Manual traders
Japanese Candlestick Patterns Pro MT4 — a professional single-chart version with a summary table https://www.mql5.com/ru/market/product/174681