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High Quality Candlestick Pattern Filter

There are many candlestick patterns but only a few are actually worth knowing. Candlestick Pattern Filter detects and marks the most reliable candlestick patterns. Remember that these patterns are only useful when you understand what is happening in each pattern. They should be combined with other forms of technical analysis for best result.

These patterns are included:

  1. Hammer / Hanging Man
  2. Inverted Hammer / Shooting Star
  3. Bullish / Bearish Engulfing
  4. Piercing Line / Dark Cloud Cover
  5. Morning Star / Evening Star
  6. Bulish / Bearish Harami


Features

  • High accuracy: The accuracy has been improved by tuning process. We have a set of input parameters for each pattern and adjust input parameters to get the best result.
  • Attach weighted value for each pattern: when display label for each pattern, we provide additional score for accuracy. The label format is:

    <Pattern name>.<additional score>/<maximum score of pattern>

    For example: BU_E.2/3 means Bullish Engulf pattern with accurate score is 2, and maximum additional score of Bullish Engulf pattern is 3.

New features/change:

  • Let user tuning accuracy of candlestick patterns by parameter.
  • Added function to send notifications via email.
  • Added function to send notifications via SMS.
  • Re-named and grouped old parameters by each candlestick pattern. It is easier to understand and use them.


Parameters

  • DisplayLegend: true/false: To show/hide legend at the top-left corner of chart screen.
  • SampleSize: Number of history bars those are used to calculate typical size( average of body length, upper shadow, lower shadow) of a candlestick at current time.
Group of parameters for Hammer pattern.
  • Hammer_Label: label for Hammer pattern, default value is "HR".
  • Hammer_Color: color of Hammer label, default value is Blue.
  • Hammer_DisplayLabel: to display label for Hammer pattern or not, default is True.
  • Hammer_ShowAlert: to show alert dialog for Hammer pattern or not, default is True.
  • Hammer_SendMail: to send email for Hammer pattern or not, default is False.
  • Hammer_SendSMS: to send SMS for Hammer pattern or not, default is False.
Group of parameters for Inverted Hammer pattern.
  • InvertedHammer_Label: label for Inverted Hammer pattern, default value is "IH".
  • InvertedHammer_Color: color of Inverted Hammer label, default value is White.
  • InvertedHammer_DisplayLabel: to display label for Inverted Hammer pattern or not, default is True.
  • InvertedHammer_ShowAlert: to show alert dialog for Inverted Hammer pattern or not, default is True.
  • InvertedHammer_SendMail: to send email for Inverted Hammer pattern or not, default is False.
  • InvertedHammer_SendSMS: to send SMS for Inverted Hammer pattern or not, default is False.
Group of parameters for Hanging Man pattern.
  • HangingMan_Label: label for Hanging Man pattern, default value is "HN".
  • HangingMan_Color: color of Hanging Man label, default value is Red.
  • HangingMan_DisplayLabel: to display label for Hanging Man pattern or not, default is True.
  • HangingMan_ShowAlert: to show alert dialog for Hanging Man pattern or not, default is True.
  • HangingMan_SendMail: to send email for Hanging Man pattern or not, default is False.
  • HangingMan_SendSMS: to send SMS for Hanging Man pattern or not, default is False.
Group of parameters for Shooting Star pattern.
  • ShootingStar_Label: label for Shooting Star pattern, default value is "SS".
  • ShootingStar_Color: color of Shooting Star label, default value is Red.
  • ShootingStar_DisplayLabel: to display label for Shooting Star pattern or not, default is True.
  • ShootingStar_ShowAlert: to show alert dialog for Shooting Star pattern or not, default is True.
  • ShootingStar_SendMail: to send email for Shooting Star pattern or not, default is False.
  • ShootingStar_SendSMS: to send SMS for Shooting Star pattern or not, default is False.
Group of parameters for Bullish Engulf pattern.
  • BullishEngulf_Label: label for Bullish Engulf pattern, default value is "BU_E".
  • BullishEngulf_Color: color of Bullish Engulf label, default value is White.
  • BullishEngulf_DisplayLabel: to display label for Bullish Engulf pattern or not, default is True.
  • BullishEngulf_ShowAlert: to show alert dialog for Bullish Engulf pattern or not, default is True.
  • BullishEngulf_SendMail: to send email for Bullish Engulf pattern or not, default is False.
  • BullishEngulf_SendSMS: to send SMS for Bullish Engulf pattern or not, default is False.
Group of parameters for Evening Star patterns.
  • EveningStar_Label: label for Evening Star pattern, default value is "E_S".
  • EveningStar_Color: color of Evening Star label, default value is Red.
  • EveningStar_DisplayLabel: to display label for Evening Star pattern or not, default is True.
  • EveningStar_ShowAlert: to show alert dialog for Evening Star pattern or not, default is True.
  • EveningStar_SendMail: to send email for Evening Star pattern or not, default is False.
  • EveningStar_SendSMS: to send SMS for Evening Star pattern or not, default is False.
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Obtenga su actualización diaria del mercado con detalles y capturas de pantalla a través de nuestro Morning Briefing aquí en mql5 y en Telegram ! FX Power MT4 NG es la nueva generación de nuestro popular medidor de fuerza de divisas, FX Power. ¿Y qué ofrece este medidor de fuerza de nueva generación? Todo lo que le encantaba del FX Power original PLUS Análisis de fuerza de ORO/XAU Resultados de cálculo aún más precisos Períodos de análisis configurables individualmente Límite de cálculo persona
El indicador de reversión de ADR le muestra de un vistazo dónde se cotiza actualmente el precio en relación con su rango diario promedio normal. Recibirá alertas instantáneas a través de una ventana emergente, correo electrónico o push cuando el precio exceda su rango promedio y los niveles por encima de su elección para que pueda saltar rápidamente a retrocesos y reversiones. El indicador dibuja líneas horizontales en el gráfico en los extremos del rango promedio diario y también extensiones p
IX Power MT4
Daniel Stein
5 (5)
IX Power lleva por fin la insuperable precisión de FX Power a los símbolos que no son de Forex. Determina con exactitud la intensidad de las tendencias a corto, medio y largo plazo de tus índices, acciones, materias primas, ETF e incluso criptodivisas favoritas. Puede analizar todo lo que su terminal le ofrece. Pruébalo y experimenta cómo tu timing mejora significativamente a la hora de operar. Características principales de IX Power Resultados de cálculo 100% precisos y sin repintado -
Italo Levels Indicator
Italo Santana Gomes
5 (7)
BUY INDICATOR AND GET EA FOR FREE AS A BONUS + SOME OTHER GIFTS! ITALO LEVELS INDICATOR  is the best levels indicator ever created, and why is that? Using high volume zones on the market and Fibonacci 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 levels indicators around the internet are not complete, does not help, and it's difficult to trade, but the   Italo Levels Indicator is different , the Ital
ICT Template MT4
David Perk
4.85 (46)
ICT Template Indicator visualizes and automatically updates all important ICT elements for Scalpers, Day and Swing traders. It allows you too keep your chart clean and bring any elements by just one click to the side buttons. Thanks to mobile notifications on external liquidity levels, you will not miss any opportunity and you don't have to sit behind the screens whole day. Each element has fully customizable colours, width, line types, max timeframe to be shown etc... so you can really tweak y
The indicator is designed to work on any trading platform. The program is based on proprietary algorithms and W.D.Ganna's mathematics, allowing you to calculate target levels of price movement based on three points with the highest degree of certainty. It is a great tool for stock trading. The indicator has three buttons: NEW - call up a triangle for calculation. DEL - delete the selected triangle. DELS - completely remove all constructions. The probability of achieving the goals is more than 80
Ultimate Sniper Dashboard
Hispraise Chinedum Abraham
4.68 (25)
¡Descuento de 299 $! ¡Los precios pueden aumentar en el futuro! ¡Lea la descripción a continuación! Mejor Sistema de Entrada para Ultimate Sniper Dashboard: ULTIMATE DYNAMIC LEVELS. (Por favor, compruebe mis productos) El Ultimate Sniper Dashboard SÓLO funciona en mercados en vivo debido a los límites de prueba multidivisa de MT4. ¡Presentamos el Ultimate Sniper Dashboard! Nuestro mejor que contiene tanto HA-Sniper, MA-Sniper. y muchos modos especiales. ¡El Ultimate Sniper Dashboard es
TrendLine PRO MT4
Evgenii Aksenov
4.88 (248)
El indicador Trend Line PRO es una estrategia comercial independiente. Muestra el cambio de tendencia, el punto de entrada a la transacción, así como calcula automáticamente tres niveles de Take Profit y la protección contra la pérdida de Stop Loss Trend Line PRO es perfecto para todos los símbolos de Meta Trader: monedas, metales, criptomonedas, acciones e índices Ventajas de Trend Line PRO: Nunca vuelve a dibujar sus señales Posibilidad de utilizar como estrategia independiente Tiene tres niv
Scalper Inside PRO
Alexey Minkov
4.74 (54)
GET 10% OFF NOW! Last 2 copies at current price! An exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate t
M1 Arrow
Oleg Rodin
5 (13)
Una estrategia intradía basada en dos principios fundamentales del mercado. El algoritmo se basa en el análisis de volúmenes y ondas de precios utilizando filtros adicionales. El algoritmo inteligente del indicador da una señal solo cuando dos factores de mercado se combinan en uno. El indicador calcula ondas de cierto rango en el gráfico M1 utilizando los datos del marco de tiempo más alto. Y para confirmar la onda, el indicador utiliza el análisis por volumen. Este indicador es un sistema come
First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on Smart Money Concepts providing in
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The indicator displays price distribution on a horizontal histogram. Horizontal histogram help find out key levels of price so that you can make good decision on setting point of take profit, stop loss... You can improve exist trading strategy or get new trading idea with the histogram of price. Outstanding features Support multiple time frame : you can choose to work with history data in any time frame you want. It does not depend on current display time frame. Support weighting by volume a
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Vanesa RSI Reverse provides an amazing trading strategy. Use optimization function of Strategy Tester in MetaTrader 4 to find out many high potential parameter sets in very long term of history data (more than 2 years). The EA works well with XAUUSD in M15 but it also give similar results in others symbols and time frame. It just takes some minutes to try it out in your own history data to see the very good performance. We will continue to improve the strategy to get better performance in next v
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Setting Take profit (TP) to fixed level does not optimize your trade while using trailing stop requires traders to stay all time to screen. Vanesa Trailing Stop does trail stop by preset scenarios automatically. Vanesa Trailing Stop provides 3 (maximum) TP levels in points. For example: Level 1< Level 2 < Level 3. Traders provide value of trailing stop level for each TP level as parameters. Whenever total gain of a trade in points reaches the first TP level, EA will start doing trailing stop wit
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The trading strategy bases on MACD signal and confluence of trends on multiple time frames. It supports martingale, smart trade and many options so that you can setup their own trading strategy from the basic one. Look for new idea, improve trading performance by yourself without limitation. Outstanding Features Martingale trading : turn on/off martingale strategy. When you find out a parameter set which has a small value of maximum continuous loss, you can consider to turn on martingale mode
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Versión 2.6 2023.07.17
I just re-compile the current indicator with latest build version of Meta Trader 4.
Versión 2.1 2021.11.26
Re-compile with latest version of Meta Trader 4 Terminal
Versión 2.0 2016.06.21
- Added new parameter for tuning and improving accuracy of candlestick patterns.
- Renamed and re-arranged existing parameters so that they are easier to use.
- Added the functions for sending emails and SMS messages.