Candle Patterns Suite
- Indicators
- Version: 2.7
- Activations: 20
Candle Patterns Suite — 42 Candlestick Formations with Historical Research Statistics
Candle Patterns Suite is advanced candlestick pattern recognition for MetaTrader, combining 42 detectable formations, historical reversal statistics, individually configurable pattern selection, and customizable chart visualization. Advanced AI tools had been used for the most in-depth and accurate research and programming of this indicator and it would not be exaggeration to say that the latesr version of Candle Pattern Suite (realeased on 27.10.2026) is the best candlestick pattern software on the market today. Its accuracy can be well seen on-chart, though it may vary, depending on instrument and timeframe.
The indicator identifies traditional Japanese candlestick formations and displays their names directly on the chart, together with historical percentages where documented research data is available.
Its design draws on established candlestick-analysis literature, including Thomas Bulkowski's Encyclopedia of Candlestick Charts, while using independently documented detection rules.
42 Candlestick Formations
The indicator includes bullish reversal, bearish reversal, continuation, and indecision formations.
Supported patterns include Morning Star, Evening Star, Morning Doji Star, Evening Doji Star, Bullish and Bearish Engulfing, Three White Soldiers, Three Black Crows, Three Stars in the South, Identical Three Crows, Bearish Three-Line Strike, Three Outside Up and Down, Three Inside Up and Down, Hammer, Shooting Star, Piercing Pattern, Dark Cloud Cover, Harami, Doji, Rising and Falling Three Methods, Marubozu, and additional formations and custom variants.
Every pattern has an individual Enable/Disable input.
15 the most successful (according to Bulkowski´s backtesting) selected patterns are enabled by default, with the remaining 27 formations available for manual activation.
Historical Pattern Statistics
A distinguishing feature is the ability to display published historical pattern percentages directly beside the formation name.
Examples from Thomas Bulkowski's published stock-market candlestick research include:
| Formation | Historical result |
|---|---|
| Three Stars in the South | 86% reversal |
| Bearish Three-Line Strike | 84% bullish reversal |
| Three White Soldiers | 82% reversal |
| Identical Three Crows | 79% reversal |
| Bearish Engulfing | 79% reversal |
| Morning Star | 78% reversal |
| Three Black Crows | 78% reversal |
| Morning Doji Star | 76% reversal |
| Three Outside Up | 75% reversal |
| Evening Star | 72% reversal |
These statistics refer to historical pattern classifications under the researcher's methodology. They do not represent the probability that an individual trade will be profitable.
When a sufficiently documented historical percentage is unavailable, the indicator displays the pattern name without a percentage.
Chart Visualization
The indicator is designed to present candlestick signals directly on the price chart with compact text and directional markers.
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Full pattern names in readable Title Case, with optional abbreviations.
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Historical percentage labels where reference data is available.
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Small directional arrows above or below identified formations.
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Separate color categories for bullish reversals, bearish reversals, bullish continuations, bearish continuations, and indecision patterns.
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Automatic dark/light theme selection when initialized, with manual theme options.
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Compact label placement designed to reduce text collisions on crowded charts.
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Adjustable font size, arrow size, spacing, and display limits.
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Up to two pattern signals per candle by default, adjustable in Inputs.
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Three months of historical signals by default, with an adjustable lookback period.
Color Schemes
Dark charts: Aqua for bullish reversals, Sapphire Blue for bullish continuations, Magenta for bearish reversals, Ruby Red for bearish continuations, and Gold for indecision.
Light charts: Electric Blue for bullish reversals, Cobalt Blue for bullish continuations, Dark Magenta for bearish reversals, Dark Ruby for bearish continuations, and Dark Gold for indecision.
Pattern Recognition Controls
Users can adjust trend-context requirements, strict or continuous-market gap handling, Doji body thresholds, price-equality tolerance, and historical scanning limits.
The indicator supports calculations based on completed candles by default. An optional forming-candle mode is also available.
Notifications
Optional notifications are supported for newly detected patterns, including terminal alerts, sound, mobile push notifications, and email notifications, subject to MetaTrader terminal configuration.
Markets and Timeframes
The indicator operates on price-chart data and can be applied to forex pairs, metals, indices, commodities, and other instruments supported by the MetaTrader terminal.
Pattern frequency and historical behavior depend on the instrument, timeframe, market conditions, and detection settings.
Research Background
Historical reference figures are drawn from published candlestick-pattern research, principally Thomas Bulkowski's Encyclopedia of Candlestick Charts and his published pattern studies.
The indicator uses independently implemented formation rules and is not affiliated with or endorsed by Thomas Bulkowski or Steve Nison.
Important: Historical reversal and continuation percentages are reference statistics, not verified live trading results, profitable-trade win rates, or guarantees of future performance. The indicator is a pattern-identification and analytical tool, not an automated trading system.
