CandlestickFinderMaster

## What it does

BCPF is an MT4 on-chart indicator that scans price history for **18 active
candlestick patterns** and labels detected formations directly on the chart.
A compact checklist panel lets you enable or disable each bullish and bearish
pattern independently.

The 18 available patterns are:

- **Bullish:** Hammer, Inverse Hammer, Bullish Engulfing, Morning Star,
  3 White Soldiers, Dragonfly Doji, Bullish Marubozu, Bullish Harami,
  Piercing Line.
- **Bearish:** Hanging Man, Shooting Star, Bearish Engulfing, Evening Star,
  3 Black Crows, Gravestone Doji, Bearish Marubozu, Bearish Harami,
  Dark Cloud Cover.

A separate trend panel shows the current readings of the three trend methods
used by the indicator — MA alignment, ADX directional bias and adaptive
moving-average slope — together with their combined majority vote.

## A practical note on pattern selection

Although BCPF provides all 18 formations, there is no requirement to use all
of them at the same time. The checklist is there precisely because the useful
subset can vary with the instrument, timeframe and trading style.

As a purely informal example, after observing **several dozen XAUUSD
sessions**, the following eight patterns appeared particularly useful to the
author:

- Inverse Hammer
- Morning Star
- Dragonfly Doji
- Bullish Marubozu
- Hanging Man
- Shooting Star
- Evening Star
- Gravestone Doji

This is **not a trading recommendation, a preset claimed to be optimal, or a
universal rule**. It is only a loose practical observation from a limited
sample of sessions. Other instruments, timeframes and market regimes can
naturally favour a different selection.

## How it works

- **Mixed pattern geometry.** BCPF does not use one universal candle formula.
  Depending on the formation, detection uses a combination of ATR-relative
  body/wick thresholds, ratios relative to the candle's own High–Low range,
  and direct OHLC relationships between neighbouring candles. This allows the
  rules to scale across different symbols and timeframes without relying on
  fixed pip-sized candle definitions.

- **ATR-relative body classification.** `ATRPeriod` provides the volatility
  reference for small, large, star and doji body classifications, as well as
  the Marubozu and Doji wick tests.

- **Range-relative wick patterns.** Hammer, Inverse Hammer, Hanging Man and
  Shooting Star use wick and body proportions relative to the candle's own
  total range. The relevant thresholds are `WickMinRatio`,
  `WickMaxBodyRatio` and `WickMaxOppositeRatio`.

- **Trend-context filter.** With `UseTrendFilter = true`, reversal formations
  are checked against the price action that occurred **before** the pattern.
  BCPF uses two different context mechanisms depending on the type of
  formation.

- **Local context for single-candle reversals.** Hammer, Inverse Hammer,
  Hanging Man, Shooting Star, Dragonfly Doji and Gravestone Doji use a short
  local directional move measured over `SwingBars`. The net close-to-close
  movement must exceed `SwingATRFactor × ATR` to be classified as a clear
  local upswing or downswing.

  Hammer/Hanging Man and Inverse Hammer/Shooting Star share the same basic
  candle geometry, so the local move is also used to decide which member of
  each pair is more appropriate. When the local move is ambiguous, candle
  direction is used as a tie-breaker.

- **Broader context for multi-candle reversals.** Engulfing, Morning/Evening
  Star, 3 White Soldiers/Black Crows, Harami, Piercing Line and Dark Cloud
  Cover use the selected trend method across the bars immediately preceding
  the complete pattern.

  `TrendMethod` can be:

  - `0` — three-MA alignment,
  - `1` — ADX directional bias,
  - `2` — adaptive MA / KAMA slope,
  - `3` — majority vote requiring agreement from at least two of the three.

  The prior-context scan uses `PriorTrendBars`. A clear opposite prior trend
  rejects the formation. If the context is flat or ambiguous, the indicator
  deliberately remains permissive and allows the candle pattern itself to be
  shown.

- **Three-MA trend method.** Bullish trend requires Fast MA > Mid MA > Slow
  MA; bearish trend requires the reverse ordering.

- **ADX trend method.** Direction is taken from +DI versus -DI only when ADX
  reaches `ADX_Threshold`. Below that threshold the ADX method returns a flat
  reading.

- **Adaptive MA method.** BCPF computes a native Kaufman-style adaptive moving
  average and evaluates its slope over `AMA_Slope` bars. A small ATR-based
  noise filter prevents tiny fluctuations from being classified as trend.

- **Trend panel.** If `ShowTrendPanel` is enabled, four live readings are
  displayed: `MA3`, `ADX`, `AMA` and `VOTE`, each shown as `UP`, `DOWN` or
  `FLAT`. The panel also identifies which method is currently selected for
  the multi-candle trend filter.

- **Interactive checklist.** Each of the 9 bullish and 9 bearish formations
  can be toggled independently from the on-chart panel. Pattern choices are
  stored in MT4 terminal global variables and restored between sessions.

- **Stable chart labels.** Detected formations are labeled on their candle
  using the candle timestamp as part of the object identity, so labels remain
  attached to the correct candle as bar indexes shift with new data.

- **Confirmed or live detection.** With `ShowOnlyConfirmed = true`, BCPF scans
  only closed candles. If a valid formation is present, it is identified and
  labeled as soon as the indicator processes the newly closed candle — in
  normal MT4 operation, on the first tick/calculation of the new bar. There is
  therefore no additional confirmation delay beyond the candle close itself.

  When `ShowOnlyConfirmed` is disabled, the current forming candle is evaluated
  as well; such a provisional pattern can therefore appear before close and
  disappear again if the candle's shape changes.

- **Alerts and push notifications.** `ShowAlerts` and `SendPushNotif` can
  announce a pattern on the currently monitored candle. Each pattern is
  de-duplicated by candle timestamp so the same formation is not repeatedly
  announced on every tick.

## What you can configure

| Group | Parameters |
|---|---|
| Shape thresholds | `ATRPeriod`, `SmallBodyFactor`, `LargeBodyFactor`, `StarBodyFactor`, `DojiBodyFactor`, `MarubozuWickFactor`, `WickMinRatio`, `WickMaxBodyRatio`, `WickMaxOppositeRatio`, `SoldierCrowWickFactor` |
| Detection behaviour | `ShowOnlyConfirmed`, `MaxBarsBack` |
| Notifications | `ShowAlerts`, `SendPushNotif` |
| Visuals | `BullishColor`, `BearishColor`, `LabelFontSize`, `LabelOffsetPips`, `PanelX`, `PanelY` |
| Trend filter | `UseTrendFilter`, `ShowTrendPanel`, `TrendMethod`, `PriorTrendBars`, `SwingBars`, `SwingATRFactor` |
| Moving averages | `MA_Fast`, `MA_Mid`, `MA_Slow`, `MA_Type`, `MA_Price` |
| ADX | `ADX_Period`, `ADX_Threshold` |
| Adaptive MA (KAMA) | `AMA_Period`, `AMA_FastEMA`, `AMA_SlowEMA`, `AMA_Slope` |

## Default settings

- `ATRPeriod = 14`
- Body factors:
  - `SmallBodyFactor = 0.30`
  - `LargeBodyFactor = 0.70`
  - `StarBodyFactor = 0.30`
  - `DojiBodyFactor = 0.10`
- `MarubozuWickFactor = 0.10`
- Wick/range thresholds:
  - `WickMinRatio = 0.55`
  - `WickMaxBodyRatio = 0.30`
  - `WickMaxOppositeRatio = 0.15`
  - `SoldierCrowWickFactor = 0.30`
- `ShowOnlyConfirmed = true`
- `ShowAlerts = false`
- `SendPushNotif = false`
- Bullish color: **Lime**
- Bearish color: **Red**
- `LabelFontSize = 8`
- `LabelOffsetPips = 5`
- `MaxBarsBack = 500`
- Panel position: `X = 10`, `Y = 20`
- `UseTrendFilter = true`
- `ShowTrendPanel = true`
- `TrendMethod = 3` — majority vote (2 of 3)
- `PriorTrendBars = 30`
- `SwingBars = 8`
- `SwingATRFactor = 0.5`
- Moving averages:
  - Fast = **20**
  - Mid = **50**
  - Slow = **200**
  - type = **EMA**
  - applied price = **Close**
- ADX:
  - period = **14**
  - threshold = **20.0**
- Adaptive MA / KAMA:
  - efficiency-ratio period = **10**
  - fast EMA = **2**
  - slow EMA = **30**
  - slope lookback = **3**

## Interpretation

BCPF is a **pattern-identification and context tool**, not a standalone trading
system.

A candlestick formation is a description of recent price geometry, not a
guarantee of what price will do next. The optional context filters are intended
to reduce obvious mismatches between a reversal pattern and the price action
that preceded it, but they do not turn a candlestick pattern into a certainty.

The checklist is therefore intentionally flexible: the user can decide which
formations are useful for a particular market and ignore the rest.

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Gann Time Clusters Indicator This indicator is based on W. D. Gann's Square of 9 method for the time axis. It uses past market reversal points and applies the mathematical formula for Gann's Square of 9 and then makes projections into the future. A date/time where future projections line up is called a 'time cluster'. These time clusters are drawn as vertical lines on the right side of the chart where the market has not advanced to yet. A time cluster will result in a market reversal point (ex.
Atomic Analyst
Issam Kassas
5 (14)
Atomic Analyst — MetaTrader 4 For product questions, setup guidance, or technical support, message me directly here on MQL5. The indicator turns complex market calculations into simple visual signals, color-coded candles, trend readings, stop-loss levels, and multiple take-profit zones that traders can understand quickly and use in real market conditions. Main Trading Uses: Scalping and intraday trading: Designed for fast decision-making, clear arrows, alerts, candle colors, and structured entry
Forex Breath System is a trend based trading system which can be used with any market. You can use this system with currencies, metals, commodities, indices, crypto and even stocks. It can also be used with any time frame. The system is universal. It shows trend and provides arrow signals with the trend. The indicator can also provide you with a special type of alerts when the signals appear in the direction of the trend which makes trend trading an easy task. The indicator is very easy to use a
Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and c
Market Reversal Alerts
Lee Samson
4.19 (114)
Profit from market structure changes as price reverses and pulls back. The Market Reversal Alerts indicator identifies when a trend or extended price move is approaching exhaustion, alerts you the moment market structure shifts, and confirms the entry when price re-tests the reversal zone, so you trade defined areas instead of guesses. How it works As price forms new highs or lows near potential exhaustion points, the indicator identifies the breakout and momentum, then draws a rectangle on the
Super Signal – Skyblade Edition Professional No-Repaint / No-Lag Trend Signal System with Exceptional Win Rate | For MT4 / MT5 It works best on lower timeframes, such as 1-minute, 5-minute, and 15-minute charts. Core Features: Super Signal – Skyblade Edition is a smart signal system designed specifically for trend trading. It applies a multi-layered confirmation mechanism to detect only strong, directional moves supported by real momentum. This system does not attempt to predict tops or bottoms
Tokyo mt4 Indicator
Vasiliy Strukov
5 (9)
Tokyo Indicator provides a clear visual overview of trend direction, potential trading signals, and market conditions. Its colour-coded, stepped trend line distinguishes bullish phases in blue from bearish phases in magenta. Matching directional arrows highlight potential buying and selling opportunities when the displayed trend changes. An integrated dashboard brings together the current signal, market bias, momentum, volatility, and signal quality in one convenient view. This allows traders t
Liquidity Scalper System: a liquidity-based trading system in indicator form. Most indicators only show an arrow, and the trader then has to decide where the stop goes, where the target is and whether the signal can be trusted at all. Liquidity Scalper System covers the full trade cycle: it finds liquidity pools, gives a signal when they are broken, immediately calculates Entry, Stop Loss and three targets, and shows statistics and out-of-sample test results on the panel. The system picks its o
Gann Made Easy
Oleg Rodin
4.84 (174)
Gann Made Easy is a professional and easy to use Forex trading system which is based on the best principles of trading using the theory of W.D. Gann. The indicator provides accurate BUY and SELL signals including Stop Loss and Take Profit levels. You can trade even on the go using PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET TRADING  INSTRUCTIONS   AND GREAT EXTRA INDICATORS  FOR FREE! Probably you already heard about the Gann trading methods before. Usually the Gann theory is a
Elliott Live is a MetaTrader 5 indicator that automatically labels Elliott waves on historical bars and on the live bar. Completed waves are drawn with solid lines; the wave that is still forming is drawn dotted with a question mark (for example, "3?"), together with Fibonacci targets and an invalidation level. MT5-version:  https://www.mql5.com/en/market/product/200604 How it works The indicator first builds swings (ZigZag). A reversal is registered when price pulls back from an extreme by at l
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tradi
This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  The basic principle Given eight currencies, USD,EUR,GBP,AUD,NZD,CAD,CHF,JPY, where each pair of two can be combined, resulting in a total of 28 pairs, a reverse algorithm is used to extract the strength of the eight currencies from these 28 pairs EURUSD,GBPUSD,AUDUSD,NZDU
Liked the logic of this tool? Explore the full ecosystem of professional indicators and utilities created by a trader for traders: All products by the author on MQL5 Market: https://www.mql5.com/en/users/musa1994/seller Details and trading philosophy: https://developer-mql4-mql5.netlify.app/ Professional Delta Volume MTF v2.0 is a professional indicator for MetaTrader 4 that shows the difference between buy and sell volume (Delta Volume) and Cumulative Delta. Version 2.0 introduces f
Italo Volume Indicator
Italo Santana Gomes
4.92 (79)
BUY INDICATOR AND GET EA FOR FREE AS A BONUS + SOME OTHER GIFTS! ITALO VOLUME INDICATOR  is the best volume indicator ever created, and why is that? The Indicator works on all time-frames and assets, indicator built after 7 years of experience on forex and many other markets. You know many volume indicators around the internet are not complete, does not help, and it's difficult to trade, but the Italo Volume Indicator is different , the Italo Volume Indicator shows the wave volume, when market
Non repaint MT4
Yan Zhen Du
5 (1)
This is a professional chart indicator designed for traders focused on stability and clear price action. It helps filter market noise and provides clear visual entry and exit zones for your trading decisions. Core Features: Strictly Non-Repainting: The system is built with strict non-repaint logic. What you see on the chart is the true historical performance. Confirmed Signals: Signals are triggered and confirmed only after the candle closes . Once a trading arrow appears on a closed candle, it
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SupandResFinderMaster
Jerzy Krzysztof Bednarski
## What it does SRLF is an MT4 on-chart indicator that identifies and draws probable support and resistance zones as shaded boxes. It combines confirmed swing points, directional tick-volume pressure, and a lightweight market-structure read to estimate areas where support or resistance is more likely to form. The indicator keeps the most recently qualified support and resistance zones active, extends them forward, monitors their interaction with price, and detects confirmed breaks and role re
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