Specific Candlestick pattern indicator

MQL4 Indicators

Specification

1) Recognizes the 4 scenarios and creates alerts. The following candlestick patterns occur, on candle close:

a) Strong move up/rally (candlestick body 80% or more) then base (made up of one or more candles with body size less than 50% of candle size) and then strong move down/drop of ATLEAST 2 candles (candlestick body 80% or more).

b) Strong move down/drop (candlestick body 80% or more) then base (made up of one or more candles with body size less than 50% of candle size) and then strong move up/rally of ATLEAST 2 candles (candlestick body 80% or more).

c) Strong move up/rally (candlestick body 80% or more) then base (made up of one or more candles with body size less than 50% of candle size) and then strong move up/rally of ATLEAST 2 candles (candlestick body 80% or more).

d) Strong move down/drop (candlestick body 80% or more) then base (few small candles/ranging) and then strong move down/drop of ATLEAST 2 candles (candlestick body 80% or more).

e) Pip size of the base and marubozu candles should be adjustable.

2) Last year in January, I had someone programme it for me but it was a poor product, which hung my laptop and eventually started behaving erratically. I have attached the screenshots of the 4 scenarios.


Thanks.

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