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Candlestick Patterns with Alerts MT4

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Published: 22 November 2023

Current version: 1.2

Candlestick Patterns with Alerts MT4

Name: Candlestick Patterns with Alerts MT4
Rating: 3 (1 reviews)
Author: Peter Mueller

Indicators
Peter Mueller
Version: 1.2
Updated: 23 March 2024

With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing.

I'd appreciate if you would review the indicator

Input parameters:

ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation
LongArrowColor: The color of the Arrows displaying a Bullish candle formation
BullishEngulfing: Disabled/Enabled/EnabledwithAlert
BearishEngulfing: Disabled/Enabled/EnabledwithAlert
Pin: Disabled/Enabled/EnabledwithAlert
Hammer: Disabled/Enabled/EnabledwithAlert
BullBreakout: Disabled/Enabled/EnabledwithAlerts
BearBreakout: Disabled/Enabled/EnabledwithAlerts
Morning Star: Disabled/Enabled/EnabledwithAlerts
Evening Star: Disabled/Enabled/EnabledwithAlerts

The indicator will display the enabled formations with arrows below/above the candle where the formation happened. If you disable a formation, no arrows for that formation will be drawn on the chart. If you enable the pattern, there will be arrows appearing, where the candlestick formation happened. If you select "EnabledwithAlert", the indicator will send an alert, whenever there is a new candle on the chart and the formation happened on the last candle. Whenever you drag the mouse over any arrow displayed by the indicator, the formation will be shown in the description of the arrow.

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Filter:

158

Andre Babiak 2023.12.28 12:13 #

The alert message of this indicator won't reveal from which symbol the alert is coming. So if you use this indicator on several symbols/charts you will have to check all open charts because you won't know which one triggered the alert.

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Reply from developer Peter Mueller 2023.12.28 14:34 #

Thanks for taking your time and writing a review, I appreciate your feedback. Now I've uploaded a new version of the program, now the alerts should tell you on which symbol and Timeframe the Candlestickpattern happened. Hope you will be satisfied with the new version.
Best regards,
Peter

Version 1.2 2024.03.23

Added Morning Star and Evening Star candle formations

Version 1.1 2023.12.28

Added the Symbol and the timeframe to the Alert.