CandleScope Pro

This indicator automatically detects and visually marks the most important bullish and bearish candlestick reversal patterns on your chart.
It highlights each detected pattern with arrows, labels, and optional colored boxes, and displays a summary panel with pattern counts.

Supported Bullish Patterns:

  • Hammer
  • Inverted Hammer
  • Bullish Engulfing
  • Morning Star
  • Bullish Harami
  • Bullish Pin Bar

Supported Bearish Patterns:

  • Shooting Star
  • Bearish Engulfing
  • Gravestone Doji
  • Evening Star
  • Bearish Harami
  • Bearish Pin Bar

How CandleScope Pro Works

1. Pattern Detection

  • The indicator scans the last 120 candles on any timeframe.
  • It looks for well-known candlestick patterns (like Hammer, Engulfing, Harami, Pin Bar, etc.).
  • Bullish patterns (buy signals) are detected when the price action suggests a possible upward move.
  • Bearish patterns (sell signals) are detected when the price action suggests a possible downward move.

2. Visual Signals

  • When a pattern is detected, the indicator:
    • Draws an arrow on the chart (up for buy, down for sell).
    • Adds a label with the pattern name.
    • Optionally draws a box around the candle(s) forming the pattern.

3. Alerts

  • For strong bullish Harami patterns, the indicator gives a buy alert.
  • You can add alerts for other patterns if you wish.

4. Timeframe Flexibility

  • The indicator works on any timeframe (M1, M5, H1, D1, etc.).
  • On short-term timeframes (like M1, M5), signals are for quick trades (scalping/intraday).
  • On long-term timeframes (like H4, D1, W1), signals are for swing or position trades.

How to Use for Buy/Sell, Short/Long Term

  • Buy (Bullish) Signal:
    When you see a green/blue arrow and label (Hammer, Bullish Engulfing, Morning Star, Bullish Harami, Bullish Pin Bar), consider buying.
  • Sell (Bearish) Signal:
    When you see a red/orange/blue arrow and label (Shooting Star, Bearish Engulfing, Gravestone Doji, Evening Star, Bearish Harami, Bearish Pin Bar), consider selling.
  • Short-Term Trading:
    Use the indicator on lower timeframes (M1, M5, M15). Enter and exit trades quickly based on the signals.
  • Long-Term Trading:
    Use the indicator on higher timeframes (H4, D1, W1). Wait for strong patterns and hold trades longer.

Features:

  • Customizable arrow symbols and colors for each pattern
  • Optional label and box highlighting for detected candles
  • Summary panel showing which patterns are currently detected and their counts
  • Optimized for smooth performance

Usage:

  • Attach the indicator to any chart and timeframe
  • Use the settings panel to enable/disable patterns, change colors, symbols, and display options

This tool helps traders quickly spot key reversal signals and make informed trading decisions based on price action.


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BTMM State Engine Pro is a MetaTrader 5 indicator for traders who use the Beat The Market Maker approach: Asian session context, kill zone timing, level progression, peak formation detection, and a multi-pair scanner from a single chart. It combines cycle state logic with a built-in scanner dashboard so you do not need the same tool on many charts at once. What it does Draws the Asian session range; session times can follow broker server offset or be set in inputs. Tracks level progression (L
Atbot
Zaha Feiz
4.69 (55)
Indicators
ATy Gold and BTC  Join my MQL5 channel to update the latest news from me.  My community of over 80,000 members on MQL5 ATbot : How It Works and How to Use It How It Works The "AtBot" indicator for the MT5 platform generates buy and sell signals using a combination of technical analysis tools. It integrates Simple Moving Average (SMA), Exponential Moving Average (EMA), and the Average True Range (ATR) index to identify trading opportunities. Additionally, it can utilize Heikin Ashi candles to en
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Daniel Stein
4.92 (13)
Indicators
IX Power: Unlock Market Insights for Indices, Commodities, Cryptos, and Forex Overview IX Power is a versatile tool designed to analyze the strength of indices, commodities, cryptocurrencies, and forex symbols. While FX Power offers the highest precision for forex pairs by leveraging all available currency pair data, IX Power focuses exclusively on the underlying symbol’s market data. This makes IX Power an excellent choice for non-forex markets and a reliable option for forex charts when deta
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Samuel Manoel De Souza
4.52 (21)
Indicators
Market Structure Patterns   is an indicator based on   smart money concepts   that displays   SMC/ICT   elements that can take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the automation of trading d
TPA True Price Action MT5 Indicator
InvestSoft
4.91 (11)
Indicators
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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CandleScope
Ayodeji Se Amodu
Indicators
CandleScope Pro Demo – Candlestick Pattern Indicator CandleScope Pro Demo is a powerful and easy-to-use indicator for MetaTrader 5 that automatically detects and labels the most popular candlestick patterns directly on your chart. This tool is designed to help traders of all levels quickly identify key reversal and continuation signals, improving decision-making and trading accuracy. Key Features: Automatic Detection:   Instantly scans and highlights the following candlestick patterns: Doji Spin
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