MTF Candlestick Patterns Detector
- Indicators
- Version: 1.10
- Activations: 5
MTF Candlestick Patterns Detector: Your Ultimate Price Action Command Centre
In the fast-paced world of trading, missing a single reversal pattern can be the difference between a profitable week and a missed opportunity. The MTF Candlestick Patterns Detector is a professional-grade MQL5 indicator designed to scan, detect, and aggregate over 24 legendary candlestick patterns across all timeframes simultaneously.
Stop hunting and guessing through charts. Let the algorithm bring the high-probability setups to you.
The Trader’s Edge: Why This Indicator?
Most candlestick indicators clutter your chart with lagging data. Our detector provides a Multi-Timeframe (MTF) Panel that acts as a cockpit, answering the most critical trading questions at a glance:
What is the Trend Structure?; The panel separates "Trend Patterns" (MN1 to H4) from "Entry Patterns" (H1 to M5).
Where is the Best Entry?; Pinpoint exact reversal points like Morning Stars or Bearish Engulfing candles in real-time.
How Strong is the Signal?; By viewing confluences across M5 to Monthly timeframes, you can verify if a scalping signal aligns with the higher-timeframes narrative.
What Should I Do NOW?; The color-coded action buttons tell you immediately: Bullish (SkyBlue), Bearish (DeepPink), or Neutral (Grey). Customise these according to preference.
Key Features and Decision Logic
1. Comprehensive Pattern Library
Detects 24+ patterns including:
Automated Candlestick Pattern Recognition: The indicator scans for high-alpha patterns (like Engulfing candles, Pin Bars, and Morning Stars) in real-time, instantly labelling them on your chart (coloured according to shape interpretation) so you never miss an entry.
Major Reversals: Hammer, Shooting Star, Engulfing, Tweezer Tops/Bottoms.
Complex Formations: Three White Soldiers, Evening Star, Three-Line Strike.
Indecision Alerts: Doji (Neutral, Dragonfly, Gravestone), Spinning Tops.
2. Smart Hierarchy and Confluence
The indicator uses a weighted approach to confidence. A Bullish Engulfing on the H4 timeframe carries more weight than a Doji on the M5. When the "Trend Patterns" (Higher TF) and "Entry Patterns" (Lower TF) align in colour, you have a high-confidence "Triple Screen" setup.
Multi-Timeframe (MTF) Confluence utility comes from analysis of momentum across higher timeframes (e.g., Daily/4H) while you trade the lower timeframes (e.g., 15m/5m), ensuring you always trade in the direction of the "Big Money" flow. This Real-Time Momentum Heatmap determines if the current move is a genuine breakout or a fading "bull/bear trap" by capturing and presenting confluence over multiple timeframes in a simple visual snapshot.
This Visual Directional Bias: Through an intuitive interface, provides a clear "Bullish" or "Bearish" verdict, removing the emotional guesswork from your decision-making.
3. Risk Management and Positioning
Every detected pattern provides clear logic for:
Stop Loss: Place SL slightly above/below the wick of the detected pattern.
Take Profit: Use the MTF panel to identify the next major "Trend" pattern in the opposite direction as a target.
4. EA-Ready for Automation
Built for developers and systematic traders. The indicator stores signals in 2 dedicated Buffers:
Buffer 0: Pattern Direction (1 for Bullish, 2 for Bearish, 0 for None).
Buffer 1: Pattern Detected (Boolean toggle for EA triggers).
Easily integrate this into your Expert Advisor to automate entries and/or exits based on price action.
Simplicity in Configuration
No complex math required. The inputs are intuitive:
MaxCandles: Control CPU load by choosing how far back to scan (needless to scan to far back).
Toggle Patterns: Turn specific patterns ON/OFF to suit your strategy.
Alerts: Get Push Notifications, Emails, or Pop-up Alerts the second a pattern closes.
Interactive UI: Click on timeframe tab on MTF panel to switch chart to that timeframe.
Which Questions Does This Answer?
Trader: "Is this a real reversal or a fakeout?"
Indicator: Check the H4 Trend button on the panel. If it's SkyBlue (or whichever colour you set in 'Font colour Bullish Patterns'), your M15 Bullish Hammer has high confluence.
Trader: "I missed the move!"
Indicator: The real-time mobile notification ensures you are alerted the moment the candle closes.
Experience the Power of Automated Price Action
Whether you are a scalper looking for M5 Marubozu strikes (quick bursts) or a swing trader following Weekly Haramis, the MTF Candlestick Patterns Detector provides the mathematical confirmation needed to click "Execute" with more confidence. You can toggle indicator on/off to save CPU resources and have clearer chart.
Stop guessing the price action. Start reading the market's signature with this game-changing comprehensive Momentum and Trend Intelligence System designed to strip away market noise and provide institutional-grade clarity for retail traders. It specializes in high-probability signal detection by merging price action geometry with temporal confluence.
Why It Wins
| Feature | Benefit |
| Precision | Identifies the exact candle where momentum shifts. |
| Efficiency | Replaces different windows with one clean visual. |
| Adaptability | Works on Forex, Crypto, Stocks, and Indices. |
| Risk Management | Helps you avoid "choppy" markets where momentum is neutral. |
The "Edge"
Most traders fail because they fight the trend. This indicator acts as your GPS in the markets, showing you exactly where the momentum is strongest.
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