Candlestick Patterns Standard
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
Candlestick Patterns Standard for MT4 is an advanced MetaTrader 4 indicator that automatically detects popular Japanese candlestick patterns on the active chart.
The indicator helps traders find potential bullish and bearish candlestick setups faster, without manually checking every candle. Detected patterns are displayed directly on the chart using arrows and text labels, making technical analysis more visual and convenient.
Candlestick Patterns Standard is suitable for traders who use Price Action, Japanese candlestick analysis, reversal patterns, trend filtering, and manual trading strategies.
Main features
Automatic candlestick pattern detection Bullish and bearish arrows on the chart Text labels with detected pattern names 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 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 Inside Up Three Inside Down Three Outside Up Three Outside Down
Trend filter
The indicator uses 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
Candlestick Patterns Standard supports a tick volume filter. It allows the indicator to consider only candlestick patterns that appear during increased market activity.
You can apply the volume filter to all patterns or use it selectively depending on your preferred setup logic. This helps reduce weak signals during low-activity market conditions.
Flexible candle settings
The indicator includes sensitivity parameters that allow you to adjust how strictly candlestick patterns are detected:
minimum candle body size; body-to-candle-range ratio; body-to-average-body ratio; maximum short-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 pattern 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
Candlestick Patterns Standard 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 a simple but flexible chart analysis tool
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.
Candlestick Patterns Standard for MT4 is a practical tool for traders who need automatic Japanese candlestick pattern detection, signal filtering, and clear visual chart marking directly in MetaTrader 4.
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In the product line:
Candlestick Pattern Detector — a free basic version.
Manual traders
Candlestick Patterns Standard — a paid single-chart version with extended patterns and filters https://www.mql5.com/ru/market/product/174659