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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PZ TRADING SLU
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PZ TRADING SLU
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Indicators
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Money Flow Profile MT5 HERE   Here   our more valuable tools SMC Trend Trading   ,  Easy SMC Trading  ,  Institutional SMC Architect Volume Analysis Tools  ,  Volume flow Profile  ,  Market volume profile  , FVG with Volume  , Liquidity Heatmap Profile  ,  Volume Spread Analysis This Master Edition is engineered for clarity and speed, featuring a unique Auto-Theme Sync system that instantly beautifies your chart layout upon loading. Key Features: True Money Flow Calculation: Goes beyond stand
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Indicators
Super Signal – Skyblade Edition Professional No-Repaint / No-Lag Trend Signal System with Exceptional Win Rate | For MT4 / MT5 It works best on lower timeframes, such as 1-minute, 5-minute, and 15-minute charts. Core Features: Super Signal – Skyblade Edition is a smart signal system designed specifically for trend trading. It applies a multi-layered confirmation mechanism to detect only strong, directional moves supported by real momentum. This system does not attempt to predict tops or bottoms
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5 (1)
Indicators
The indicator accurately shows the reversal points and price return zones where the   Major players . You see where new trends are forming and make decisions with maximum precision, maintaining control over every trade. VERSION MT5     -     Reveals its maximum potential when combined with the   TREND LINES PRO   indicator What the indicator shows: Reversal structures and reversal levels with activation at the beginning of a new trend. Display of   TAKE PROFIT   and   STOP LOSS   levels with mi
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4.43 (7)
Indicators
Specials Discount now. The Next Generation Forex Trading Tool. Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one: Advanced Currency Strength28 Indicator (695 reviews) + Advanced Currency IMPULSE with ALERT (520 reviews) + CS28 Combo Signals (recent Bonus) Details about the indicator  https://www.mql5.com/en/blogs/post/758844 What Does The Next-Generation Strength Indicator Offer? Everything you loved about the originals, now
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