Candle Patterns Pro v4
- Indicators
- Version: 4.0
- Activations: 5
Candle Patterns Pro v4 is a professional candlestick pattern detection indicator for MetaTrader 5, designed to help traders identify classic and less common price-action formations directly on the chart.
The indicator automatically scans the market for multiple candlestick formations, highlights detected patterns, and provides a live Pattern Counter panel showing how many detected patterns are present on the chart.
Key Features
Classic Candlestick Patterns
Candle Patterns Pro v4 detects a wide range of well-known formations, including:
HammerInverted Hammer
Marubozu
Shooting Star
Hanging Man
Gravestone Doji
Dragonfly Doji
Bullish Engulfing
Bearish Engulfing
Bullish Harami
Bearish Harami
Piercing Line
Dark Cloud Cover
Morning Star
Evening Star
Rare & Advanced Patterns
The indicator also includes less frequently used formations:
Advance BlockDeliberation
Side-by-Side White Lines
Counterattack Lines
Stick Sandwich
Homing Pigeon
Live Pattern Counter
The built-in Pattern Counter displays the detected formations in a convenient panel on the chart.
Each detected pattern is automatically categorized using different colors for bullish and bearish formations, making it easier to quickly understand the current price-action environment.
Automatic Pattern Detection
No manual chart analysis is required.
The indicator continuously analyzes historical candles and identifies formations according to the configured pattern rules.
Detected formations can be displayed directly on the chart using:
Colored pattern rectanglesPattern names
Bullish / bearish color coding
Multi-candle pattern highlighting
Fully Customizable
You can enable or disable individual patterns according to your trading style.
Available settings include:
Bullish pattern colorBearish pattern color
Neutral pattern color
Rectangle width
Pattern name display
Pattern rectangle display
Pattern Counter panel
Individual pattern filters
Marubozu body-size filter
Pattern Counter panel position and width
Designed for MetaTrader 5
Candle Patterns Pro v4 was developed specifically for MetaTrader 5 and is suitable for traders who use candlestick analysis as part of their market-analysis process.
Use it to quickly identify potential candlestick formations without having to manually inspect every candle on the chart.
Important
Candle Patterns Pro v4 is an analysis and pattern-detection tool. It does not guarantee profitable trades or future market results. Traders should combine candlestick patterns with their own strategy, risk management, and market analysis.
Candle Patterns Pro v4
Detect. Analyze. Trade with Confidence.
Bring automated candlestick pattern detection directly to your MetaTrader 5 charts.
