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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Indicators
Unlock hidden profits: accurate divergence trading for all markets Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Easy to trade Finds regular and hidden divergences Supports many well known oscillators Implements trading signals based on breakouts Displays
RelicusRoad Pro MT5
Relicus LLC
4.96 (25)
Indicators
Stop guessing your trades. Know when to enter, where to get out and which way the market leans, all on one chart. RelicusRoad Pro brings nearly twenty tools into one indicator, and you switch on the ones that fit the way you trade. Clear entries. Clear exits. A plan on every chart. Sound familiar? You buy, and price turns against you a minute later. You close too early, then watch the move carry on without you. Five indicators on the chart, five different answers. Your stop loss is a guess. Why
Quantum Direction MT5
Hamed Dehgani
Indicators
Quantum Direction is a professional trend-following indicator designed to identify market direction, detect early trend changes, and provide filtered entry and exit signals. This indicator includes the free Quantum Trade Assistant , a professional trade management tool available on the MQL5 Market. It can connect directly to Quantum Direction and automatically open trades when a valid signal appears or close trades when the configured exit conditions are met. Download the Free Quantum Trade Assi
OrderFlux Footprint Orderflow
Simon Draxler
Indicators
OrderFlux – Orderflow Footprint Chart, Volume Profile & Market Profile Indicator for MetaTrader 5 OrderFlux is an order flow footprint indicator for MetaTrader 5 that explains itself. It opens the single candle and shows what happens inside it: the volume traded at every price level, split into aggressive buyers and aggressive sellers. From the ticks it builds a complete footprint chart in real time with delta, imbalance, absorption, volume profile, market profile (TPO), VWAP, cumulative delta (
Power Candles MT5
Daniel Stein
4.58 (12)
Indicators
Power Candles - Self-Optimizing Strength Indicator Strength usually lives in a sub-window. The line runs below, the candle above, and your eye keeps connecting the two. Power Candles puts the strength into the candle itself, colored from dark red to dark green, so the chart reads at a glance and the sub-window stays closed. The indicator also finds its own settings for the symbol and timeframe in front of you. One click on [ Apply Best ] draws entry, Stop Loss and Take Profit at the exact prices
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Ayodeji Se Amodu
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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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