Candlestick Pattern Scanner and Detector

The Candlestick Pattern Detector is an advanced MetaTrader 4 indicator designed to identify and highlight candlestick patterns on your charts. Currently, the indicator detects one specific candlestick pattern - the pinbar, known for its significance in technical analysis and trading strategies. This tool provides traders with visual cues, making it easier to spot potential market reversals or continuations.

Features:

  • Customizable Colors: Users can customize the colors of the bullish and bearish pinbar arrows for better visual distinction.
  • Adjustable Arrow Size: The size of the arrows marking the patterns can be adjusted to fit your charting preferences.

How It Works:

The Candlestick Pattern Detector scans the chart for specific pinbar formations based on defined criteria such as the proportion of the candle body to its wicks and its relative position within the market trend. When a pattern is identified, the indicator marks it with a colored arrow (green for bullish pinbars, red for bearish pinbars), directly on the candlestick.

Parameters:

  • Bullish Arrow Color: Customizable color for bullish pinbars.
  • Bearish Arrow Color: Customizable color for bearish pinbars.
  • Arrow Size: Adjustable size of the arrows marking the patterns.

Important Note:

The candlestick patterns detected by this indicator are NOT direct buy or sell signals. They are meant to highlight potential areas of interest based on historical price action patterns. Traders should use this tool in conjunction with other analysis methods and risk management strategies to make informed trading decisions.

Enhance your trading with the Candlestick Pattern Detector and gain a clearer understanding of market dynamics through powerful candlestick pattern recognition.


⚠️ Free to use – donations appreciated via: 

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Entry Price Averages EA with Close Orders -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- Note for users -  Choose the right tool for you: If you require only a visual average price display, please use our   Entry Price Averages MT4  (if you already have an expert on your chart)   . If you need interactive controls and the ability to manage/close orders di
Gold Ambush Breakout Aurum Xauusd Algo The Gold Sniper | Trend Swing Strategy | Steady Growth ---------------------------------------------------------------------- Aurum Gold Ambush is a specialized trading system for XAUUSD (Gold) designed for patience and precision. Unlike high-frequency bots that open trades every minute, this algorithm acts like a Sniper: it waits for the perfect setup and strikes to capture the maximum move. This EA is engineered for Long-Term Capital Growth, prioritizi
The Average Entry Positions Indicator provides traders with a clear visual representation of their average buy and sell entry prices on the chart. This powerful tool now calculates and displays crucial trade management information, aiding in better decision-making and efficient position tracking. By using this tool, traders can quickly assess their overall entry positions at a glance. -------------------------------------------------------------- ------------------------------------------------
Entry Price Averages EA with Close Orders -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- Note for users -  Choose the right tool for you: If you require only a visual average price display, please use our   Entry Price Averages MT5    (if you already have an expert on your chart)   . If you need interactive controls and the ability to manage/close orders
Gold Ambush Breakout Aurum Xauusd Algo The Gold Sniper | Trend Swing Strategy | Steady Growth ---------------------------------------------------------------------- Aurum Gold Ambush is a specialized trading system for XAUUSD (Gold) designed for patience and precision. Unlike high-frequency bots that open trades every minute, this algorithm acts like a Sniper: it waits for the perfect setup and strikes to capture the maximum move. This EA is engineered for Long-Term Capital Growth, prioritizin
Stop calculating lot sizes manually and protect your funded accounts! Apex Panel Pro is the ultimate institutional-grade Trade Manager and Risk Management Utility for MetaTrader 5. Designed for Prop Firm traders, scalpers, and algorithmic execution, it transforms your chart into a high-speed command center with Smart Grid DCA, Pyramid, Virtual Stealth Exits, and automated Drawdown Shields. 1. Risk Management & Position Sizing Risk % Sizing: Accurately calculate lot size based on a strict per
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Ahmed Khalid A Bahakem
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Ahmed Khalid A Bahakem 2026.03.05 04:10 

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