Candlestick Reversal Dashboard MT5

Stop missing reversal setups. The Candlestick Reversal Dashboard automatically scans your entire watchlist across every timeframe and alerts you the instant a pattern forms — with signals that never repaint.

What This Indicator Does

Manually scanning 20 currency pairs across multiple timeframes for candlestick reversal patterns takes hours. By the time you spot a setup, the entry is often already gone. The Candlestick Reversal Dashboard solves this completely.

It automatically detects all 14 classic reversal patterns across up to 20 symbols and 9 timeframes simultaneously. Every confirmed signal is displayed in a clean, scrollable dashboard. One click takes you directly to the chart where the pattern formed.

Signals are generated only after the candle closes. Once a pattern appears in the dashboard, it will never change or disappear — making it fully reliable for live trading and backtesting.

See more MT4 version at:  Candlestick Reversal Dashboard MT4

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All 14 Classic Reversal Patterns Detected Automatically

Bullish Patterns (7)

• Hammer — Small body with long lower shadow (2x body minimum). Buyers rejected lower prices. Most effective at support after a downtrend. High reliability.

• Inverted Hammer — Small body with long upper shadow. Signals potential reversal in downtrends. Requires next-candle confirmation. Medium reliability.

• Bullish Engulfing — Large bullish candle completely engulfs the previous bearish body. Strong buyer takeover signal. High reliability.

• Piercing Line — Two-candle pattern. Bearish candle followed by bullish candle closing above the midpoint of the first. Medium reliability.

• Bullish Harami — Small bullish candle inside a large bearish body. Signals indecision and potential reversal. Works best with confirmation. Medium reliability.

• Morning Star — Three-candle pattern: bearish candle, small star, bullish candle closing above midpoint of first. Very reliable at support. High reliability.

• Three White Soldiers — Three consecutive bullish candles, each opening within the prior body and closing progressively higher. Strong buying momentum. High reliability.

Bearish Patterns (7)

• Shooting Star — Small body with long upper shadow (2x body minimum). Sellers rejected higher prices. Most effective at resistance after an uptrend. High reliability.

• Hanging Man — Same shape as Hammer but appears after an uptrend. Emerging selling pressure. Requires confirmation. Medium reliability.

• Bearish Engulfing — Large bearish candle completely engulfs the previous bullish body. Strong seller takeover signal. High reliability.

• Dark Cloud Cover — Two-candle pattern. Bullish candle followed by bearish candle closing below midpoint of the first. Medium reliability.

• Bearish Harami — Small bearish candle inside a large bullish body. Signals indecision and potential reversal. Best used with confirmation. Medium reliability.

• Evening Star — Three-candle pattern: bullish candle, small star, bearish candle closing below midpoint of first. Very reliable at resistance. High reliability.

• Three Black Crows — Three consecutive bearish candles, each opening within the prior body and closing progressively lower. Strong selling momentum. High reliability.

Key Features

100% Non-Repainting — Signals only appear after the candle closes with all detection criteria confirmed. What you see in the dashboard was present in real time. Completely safe for backtesting.

Multi-Symbol Dashboard — Monitor up to 20 instruments simultaneously from a single dashboard. Works on any MT4/MT5 symbol — Forex pairs, Gold, Silver, Indices, Commodities, and Crypto. Supports broker symbol prefixes and suffixes such as EURUSD.pro or EURUSDm automatically.

9 Timeframe Coverage — Scans M1, M5, M15, M30, H1, H4, Daily, Weekly, and Monthly all at the same time. Up to 180 chart combinations scanned automatically with zero manual effort.

Signal Age Display — Each dashboard row shows how many bars ago the pattern formed so you always know how fresh each setup is.

One-Click Chart Navigation — Click any row in the dashboard to instantly switch to that symbol and timeframe. The pattern name and BUY/SELL arrow are drawn directly on the chart.

4 Alert Types — Get notified via on-screen popup, customizable sound file, email notification, and mobile push notification. Enable any combination you prefer so you never miss a pattern whether you are at the desk or away from it.

Per-Pattern On/Off Control — Each of the 14 patterns can be individually enabled or disabled. Focus only on the patterns that match your trading style.

Fully Adjustable Detection Sensitivity — Shadow-to-body ratio, penetration percentage, and trend lookback bars are all configurable. Fine-tune detection to your preferred strictness or use the defaults which work well for most traders and instruments.

Scrollable Dashboard — Handles large numbers of signals across many pairs and timeframes without cluttering your chart.

Clean Chart Visualization — Pattern name label and directional arrow displayed at the signal candle for fast visual confirmation.

Why Candlestick Patterns Work

Candlestick reversal patterns have been used by traders for over 300 years, originally developed by Japanese rice traders. They work because they reveal the psychological battle between buyers and sellers at critical price levels.

A Hammer at support tells you sellers drove price aggressively lower during the session — but buyers stepped in, rejected those lower prices, and pushed price back up before the close. That rejection is visible in the long lower shadow. The same logic applies to every pattern in the opposite direction.

These patterns are most powerful when they form at key support and resistance levels, after extended trends, or at round psychological numbers. When an H4 pattern aligns with a Daily pattern in the same direction, reliability increases significantly. The dashboard makes that kind of multi-timeframe analysis effortless — all timeframes visible in one place at all times.

Input Parameters

• Symbols — Comma-separated list of instruments to monitor (up to 20)

• Timeframes — Enable/disable M1, M5, M15, M30, H1, H4, D1, W1, MN individually

• Pattern Toggles — Enable/disable each of the 14 patterns individually

• Shadow/Body Ratio — Minimum shadow length relative to candle body for Hammer, Shooting Star, and similar single-candle patterns

• Penetration Percentage — Minimum closing penetration into the prior candle's body for Piercing Line, Dark Cloud Cover, and similar two-candle patterns

• Trend Lookback Bars — Number of bars used to determine trend direction for context-sensitive patterns

• Alert on Current Bar — Set to False to prevent any false early signals

• Popup Alerts — Enable/disable on-screen notifications

• Sound Alerts — Enable/disable audio notifications with customizable sound file

• Email Alerts — Enable/disable email notifications

• Push Alerts — Enable/disable mobile push via MetaQuotes ID

• Dashboard Corner — Position the dashboard in any corner of the chart

• Visual Settings — Arrow size, label colors, font size

Who This Dashboard Is For

Active pattern traders — If you already trade candlestick patterns manually, this eliminates the hours of scanning and ensures you never miss a setup while checking other charts.

Multi-pair traders — One dashboard replaces dozens of open charts. Everything is in one place, updated in real time across all your instruments.

Part-time traders — Mobile push alerts catch pattern completions while you are away from the screen. Check your phone during a break and decide whether to act.

Beginners learning candlestick patterns — The indicator labels every pattern directly on the chart with the pattern name and a clear BUY/SELL arrow, making it an excellent visual learning tool alongside live trading.

System developers — Non-repainting signals confirmed on closed candles give you a consistent, objective foundation for building and backtesting a rule-based trading process.

This dashboard is NOT for you if you are looking for a set-and-forget money-making machine or expect 100% winning signals. No candlestick indicator can replace proper risk management and market context. The dashboard is a precision scanning tool — you bring the analysis.

Frequently Asked Questions

Does the indicator repaint?
No. All signals are generated after the candle closes with full pattern confirmation. Once a pattern appears in the dashboard, it will never change, move, or disappear. You can backtest with complete confidence.

Which patterns are most reliable?
Three-candle patterns — Morning Star, Evening Star, Three White Soldiers, Three Black Crows — and Engulfing patterns are generally the highest reliability setups. You can disable any patterns you do not want to trade in the settings.

What markets does it work on?
Any market with OHLC candlestick data — Forex pairs, XAUUSD, Silver, Indices such as US30 and NAS100, Cryptocurrencies, and Commodities. Enter any symbol available in your MetaTrader terminal.

Can I adjust the Fibonacci detection sensitivity?
Yes. Shadow-to-body ratio, penetration percentage, and trend lookback bars are all fully customizable. The defaults follow widely accepted candlestick pattern specifications and work well across most instruments and timeframes.

Does it work with my broker's symbol naming?
Yes. The indicator supports custom symbol prefixes and suffixes automatically — so EURUSD, EURUSD.pro, EURUSDm, and similar variations are all handled without any manual configuration.

How do I set up mobile alerts?
Enable Push Alerts in the indicator settings, then add your MetaQuotes ID in the MetaTrader Notifications tab under Options. Step-by-step instructions with screenshots are included in the user guide.

How many combinations does it scan?
Up to 20 symbols across 9 timeframes — that is up to 180 chart combinations scanned automatically and continuously in real time.

Are future updates included?
Yes. Every future update is delivered to you permanently at no additional cost.