Phoenix Candlestick Pattern Monitor
- Indicators
- Version: 1.10
- Updated: 21 September 2026
This is an actively maintained release, rebuilt and expanded for current MT5 builds.
Manually scanning every candle for a recognisable reversal or continuation pattern is slow, and it's easy to miss one, especially across multiple charts or timeframes.
Phoenix Candlestick Pattern Monitor automatically detects 18 standard candlestick patterns as they form, marks them on the chart, and keeps a running count so you can see which patterns this symbol actually produces.
How it catches patterns for you
- Detects 18 patterns across three groups: single-candle (Hammer, Hanging Man, Shooting Star, Inverted Hammer, and four Doji variants), two-candle (Bullish/Bearish Engulfing, Piercing Line, Dark Cloud Cover, Bullish/Bearish Harami, Tweezers Top/Bottom), and three-candle (Morning Star, Evening Star)
- On-chart arrows marking each detected pattern
- A running Pattern History panel with per-pattern counts
- A Confirmed Patterns Only filter, to exclude patterns still forming on the current bar
Alerts
Configurable alerts on detection, with sound and push notification options.
Use Phoenix Candlestick Pattern Monitor to:
- Catch a reversal pattern the moment it confirms, without watching every candle
- See which patterns actually occur most often on a given symbol
- Filter out unconfirmed, still-forming patterns to reduce noise
How to use it
1. Attach to any chart and enable the pattern groups you want to track.
2. Turn on Confirmed Patterns Only if you want to exclude patterns still forming on the current bar.
3. Check the Pattern History panel to see which patterns this symbol actually produces most often.
Installation
Download from the MQL5 Market and attach to any chart. Enable or disable individual pattern groups or specific patterns as needed.
Requirements
MetaTrader 5 build 3280 or higher. Works on any symbol and timeframe.
Important Notes
Pattern detection follows standard candlestick definitions. A detected pattern is not a guaranteed signal of future price direction.
Feedback & Reviews
If this catches a pattern you would have missed, a review from the Reviews tab above helps the next trader find it.
Support
Questions or a setup issue? Message us via MQL5 Private Message; we reply personally to every message.
Developed by Phoenix Global Investments Ltd.
© 2025 Phoenix Global Investments Ltd. All rights reserved.
