Candlestick Pattern Analyzer
- Indicators
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Mattia Impicciatore
Hello,
I’m Mattia — a fintech developer, trader, and expert in MQL5, Python, and web technologies. - Version: 1.10
- Updated: 30 July 2025
- Activations: 5
Description
Candlestick Pattern Analyzer is an advanced tool for both discretionary and systematic traders, designed to automatically identify major Japanese candlestick patterns and deliver a detailed statistical analysis of their historical performance.
This indicator is perfect for those who want to verify the real-world effectiveness of patterns and use them alongside confirmation filters (e.g., trend, key levels, volume) and a well‑defined risk‑management strategy.
Key Features
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Automatic detection of over 20 candlestick patterns (Engulfing, Doji, Marubozu, Hammer, Stars, Harami, and more)
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Calculation of average and total profit following each pattern, over a configurable number of subsequent bars
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Display of the total count of detected patterns for an objective view of their frequency
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Visual highlighting of each pattern on the chart with colored boxes and text labels
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Real‑time push notifications and alerts upon detection of a new pattern
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Fully customizable interface: select which patterns are active, choose colors, set the analysis period, and position data elements
Why It’s Useful
Many traders rely on candlestick patterns in an intuitive and subjective way. Candlestick Pattern Analyzer provides a quantitative, visual approach, helping you understand which patterns truly offer a statistical edge on your chosen instrument or timeframe.
Use Cases
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Study patterns with a proven statistical edge
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Build strategies based on objective data
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Receive real‑time visual signals and operating alerts
Important Note
This is not an automated trading system but a decision‑support tool. To achieve reliable results:
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Use confirmation filters such as trend, support/resistance, volume, or other indicators
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Always apply proper money‑management
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Aim for a minimum risk/reward ratio of 1:2 or 1:3
Compatibility
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MetaTrader 5 (desktop version)
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Works on all timeframes and instruments: forex, stocks, indices, commodities, cryptocurrencies
Conclusion
If you’re a trader who loves to analyze patterns methodically, Candlestick Pattern Analyzer gives you the right tools to discover which patterns really work. A powerful, practical, and configurable solution to take your trading to the next level.
Candlestick Pattern Detector, Advanced Candlestick Scanner, Japanese Candlestick Patterns, Pattern Recognition, NR4, NR7, Narrow Range Pattern, Engulfing Pattern, Bullish Engulfing, Bearish Engulfing, Doji, Harami, Bullish Harami, Bearish Harami, Piercing Pattern, Dark Cloud Cover, Morning Star, Evening Star, Three Inside Up, Three Inside Down, Three Outside Up, Three Outside Down, Three Black Crows, Three White Soldiers, Tweezers Top, Tweezers Bottom, Tweezer Reversal, Inside Bar, Outside Bar, Bullish Reversal, Bearish Reversal, Reversal Pattern, Continuation Pattern, Trend Continuation, Price Action Strategy, Technical Analysis, Price Action Trading, Support and Resistance, Market Structure, Pattern Statistics, Statistical Pattern Analysis, Win Rate Calculation, Pattern Success Rate, Profit After X Bars, Average Return, Backtest Candlestick Strategy, Historical Performance, MT5, MT4, Multi-Timeframe Pattern Detection, Alerts on Pattern, Push Notifications, Real-Time Detection, Live Signals, Smart Entry Signals, Discretionary Trading, Visual Pattern Marking, Chart Pattern Overlay, Pattern Labels, Trading Strategy Optimization, Entry and Exit Zones, Risk Management, Swing Trading Patterns, Day Trading Patterns, Pattern-Based Trading, Trend Analysis, Candle Pattern Scanner, Candlestick Alerts, Trading Edge, Signal Confirmation Tool, Manual Trading Support, Professional Pattern Tool, Multi-Candle Pattern Detection, Hammer, Shooting star, Hanging man, Inverted Hammer, Spinning Top, Marubozu, Candlestick Pattern Analysis, Double Bottom, Double Top
