Candle Count Binary Pattern

  • Indicators
  • Rodrigo Rethka Goncalves
    Rodrigo Rethka Goncalves

    Rodrigo Rethka Goncalves

    I’m a self-taught coder, and I develop my indicators and EAs through trial and error until I reach my goals.
    I'm new to MQL, but I have extensive experience in coding.
    Feel free to test my work, and if you like it and want to support my efforts, consider purchasing my products.
  • Version: 2.1
  • Activations: 5

📊 Description

Advanced indicator for MetaTrader 4 that identifies consecutive candle patterns and generates buy/sell signals with an optional moving average filter.

✨ Main Features

🎯 Functionalities

  • Pattern Detection: Identifies sequences of bullish or bearish candles

  • Moving Average Filter: Option to filter signals using a moving average

  • Visual Signals: Colored arrows indicating entry points

  • Custom Alerts: Sound and visual notifications

  • Intuitive Interface: Parameters organized by groups

🎛️ Configurable Parameters

🎯 Main Settings

  • Number of Candles: Number of consecutive candles required (1–10)

  • Arrow Placement: Where to place the arrows (start or close of the candle)

📈 Moving Average Filter

  • Filter Status: Enable/disable MA filter

  • Period: Moving average period (2–200)

  • Method: SMA, EMA, SMMA, LWMA

  • Price: Close, Open, High, Low, etc.

🎨 Visual Settings

  • Arrow Distance: Arrow offset in points (1–100)

  • Alerts: Enable/disable notifications

🚀 How to Use

  1. Installation: Copy the file CandleCounter.mq4 into the MQL4/Indicators/ folder in MetaTrader

  2. Compilation: Compile the file in MetaEditor

  3. Application: Drag the indicator onto the desired chart

  4. Configuration: Adjust the parameters according to your strategy

🧠 Working Logic

Pattern Detection

  • Buy: Sequence of consecutive bullish candles

  • Sell: Sequence of consecutive bearish candles

  • Reset: Doji candles reset the count

Moving Average Filter

  • Buy: Price above the moving average

  • Sell: Price below the moving average

  • Optional: Can be disabled for trading without a filter

Signal Generation

  • Green arrows (🟢) for buy signals

  • Red arrows (🔴) for sell signals

  • Positioning configurable at the candle start or close

💡 Recommended Settings

By Timeframe

  • M1–M5 (Scalping): 1–2 candles, MA 20

  • M15–H1 (Day Trade): 2–3 candles, MA 50

  • H4–D1 (Swing): 3–5 candles, MA 100

Usage Tips

  • ✅ Test on demo account before real use

  • ✅ Combine with other indicators for confirmation

  • ✅ Adjust parameters according to the timeframe

  • ✅ Use appropriate stop loss and take profit

  • ✅ Monitor alerts so you don’t miss signals

🔧 What’s New in v2.0

  • ✨ Reorganized interface with groups and emojis

  • 🛡️ Robust parameter validation

  • 🎯 Improved signal logic

  • 📢 Enhanced alert system

  • 🧹 Clean and well-documented code

  • 🚀 Optimized performance

📝 License

Copyright 2025 - CandleCounter Indicator
All rights reserved.

Developed with ❤️ for traders seeking technical excellence


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Break and Retest Hunter MT4 is a powerful MetaTrader 5 indicator designed to automatically identify support and resistance levels, breakout structures, and potential retest opportunities in real time. Bonus Indicator: After purchasing Break and Retest Hunter , contact me to receive Trade Indicator Assistant EA completely free as a bonus utility. $65 for the next 10 copies . Next price is $120.  Combining adaptive market analysis, clear BUY/SELL signals, Fibonacci-based profit targets, and a pre
ZoneFusion Pro Institutional Cluster System
Godwin Edward Enyali
Indicators
ZoneFusion Pro Institutional Cluster System ZoneFusion Pro is a professional grade trading indicator built for serious forex traders, prop firm challenge traders, and Smart Money Concepts traders who want structured, high probability market entries based on institutional logic. This system combines SMC, multi timeframe market structure, demand and supply zones, and moving average confluence into one clean execution framework designed to remove guesswork from trading. CORE FEATURES Multi Timefram
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Samil Bozuyuk
5 (1)
Indicators
All in One package includes the  Oscillator Predictor ,  MACD Predictor ,  Thrust Scanner  and  Advanced Fibonacci  indicators which are mandatory for applying  Dinapoli  trade plans.  Please visit below links for detailed explanations of indicators. Advanced Fibonacci Indicator =>  https://www.mql5.com/en/market/product/52834 Thrust Scanner Indicator => https://www.mql5.com/en/market/product/52830 Overbought /Oversold Predictor indicator => https://www.mql5.com/en/market/product/52621 Macd P
Smart Cycle Blocks Trader
Elmira Memish
Indicators
Indicator plots price cycle blocks and sends signals with smart volume confirmation. Price cycles and fractals are combined to determine the demand/supply blocks. The indicator can be used alone or combined with other Cycle Indicators Inputs: Period: Recommended value is between 35 and 55( Which are Set 1 and Set 2 periods of cycle sniper ) Engulfing: If true, you will be able to see the engulfing bar confirmation. Volume Filter: True (The  arrow comes with volume confirmation ) Videos with dif
Neuro Poseidon MT4
Daria Rezueva
4.74 (46)
Indicators
Neuro Poseidon is a new indicator by Daria Rezueva. It combines precise trading signals with adaptive TP/SL levels - creating best possible trades as a result! Message me and get  Neuro Poseidon Assistant  as a gift to automize your trading process! What makes it stand out? 1. Proven profitability on all assets and timeframes 2. Only confirmed BUY and SELL signals present on the chart 3. Adaptive TP & SL levels generated by the software for each trade 4. Easy to understand - suitable for all
GoldRush Trend Arrow Signal
Kirk Lee Holloway
5 (2)
Indicators
GoldRush Trend Arrow Signal V1.6 The GoldRush Trend Arrow Signal indicator V1.6 continues to provide precise, real-time trend analysis tailored for high-speed, short-term scalpers in XAU/USD , but it now has additional features and improved efficiency and reliability. Built specifically for the 1-minute time frame, this tool displays directional arrows for clear entry points, allowing scalpers to navigate volatile market conditions with confidence. The indicator consists of PRIMARY and SECONDARY
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Lee Samson
5 (4)
Indicators
A symmetrical triangle chart pattern represents a period of contraction & consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. Get the dashboard to monitor all instruments and time frames you trade for symmetrical triangle patterns at once! https://www.mql5.com/en/market/product/69169/ MT5 Version Available
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Davit Beridze
4.6 (10)
Indicators
DayTrader PRO (Buy DayTrader PRO and Get another Paid Self Optimizing indicator for Free as Bonus) MT5:  https://www.mql5.com/en/market/product/186222 DayTrader PRO   is an advanced trading indicator that combines John Ehlers' Laguerre Filter with a powerful Auto-Optimization Engine. Instead of using fixed parameters, the indicator automatically searches for the best settings based on recent market conditions, helping you adapt to changing volatility without constant manual adjustments. The in
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