Candlestick Signal Alerts MT4

Candlestick Signal Alerts MT4 is a free indicator for MetaTrader 4 that marks 13 classic candlestick patterns on the chart. Each gets an arrow and a short label on the bar that completes it, and the indicator can alert you when one appears. It is for traders who read candles and want the patterns found for them.

It works on closed bars only. A mark appears when its bar has closed and never moves or disappears. It places no orders.

MetaTrader 4 edition: the same calculation and the same arrows as the MetaTrader 5 version. Only the arrow distance is set as a fraction of ATR, because MetaTrader 4 cannot shift arrows by pixels.

Quick start

  1. Attach the indicator to any chart and timeframe. Marks appear on the last 2000 closed bars.
  2. In the inputs, switch pattern groups on or off. All seven are on by default.
  3. For alerts, keep the pop-up on (default) or switch on sound, push notification or e-mail.
  4. Point at a label to see the full pattern name.

Standalone: everything is built in. You do not need to buy or install any other product named on this page.

Patterns

  • Bullish and Bearish Engulfing.
  • Hammer and Hanging Man.
  • Inverted Hammer and Shooting Star.
  • Doji.
  • Morning Star and Evening Star.
  • Bullish and Bearish Harami.
  • Piercing Line and Dark Cloud Cover.

How they are recognised

  • Body, wicks and range are compared with each other. They are also compared with the average body and range of the 10 bars before, so the rules adapt to any symbol and timeframe.
  • Some patterns depend on what came before: a hammer after a decline, a hanging man after a rise, engulfing, harami, stars, piercing and dark cloud. They use the trend before them: the close against its 20-period EMA.
  • A doji needs a body of at most 5% of its range, a range of at least half the average range and a trend before it. Tiny quiet bars are not counted.
  • The labels name the pattern (ENG, HAM, STAR, DOJI, MSTAR, HAR, PIER, DCC...). The tooltip gives the full name.

Inputs

Input Default
Pattern groups (seven) all on
Closed bars to scan (100-20000) 2000
Arrow distance from the candle 0.5 x ATR(14)
Short labels on
Colours, label font size -
Alerts: pop-up on
Alerts: sound, push notification, e-mail off

Good to know

  • A candlestick pattern describes one to three bars. On its own it is not a reason to trade. Many traders use it as one piece of context.
  • Buffers for other programs: arrows and the patterns of each bar as a bit mask.

Related products

If you find it useful, a short review on this page helps other traders find it.

Questions: use the comments on this page or send me a message on MQL5.

Trading involves risk. This indicator marks chart patterns; it does not tell you to buy or sell.

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DayTrader PRO MT5:  https://www.mql5.com/en/market/product/186222 DayTrader PRO est un indicateur de trading avancé qui combine le filtre Laguerre de John Ehlers avec un puissant moteur d'auto-optimisation. Au lieu d'utiliser des paramètres fixes, l'indicateur recherche automatiquement les meilleurs réglages en fonction des conditions récentes du marché, vous aidant à vous adapter à la volatilité changeante sans ajustements manuels constants. L'indicateur génère des signaux clairs d'ACHAT (BUY)
Quantum Trend Sniper MT4
Ian Andrew Nicholson
5 (1)
Quantum Trend Sniper PRO for MetaTrader 4 Quantum Trend Sniper PRO is a professional-grade MT4 indicator built for traders who want selective entries, clear trade structure, and live on-chart decision support . This is not a basic buy/sell arrow tool. It is a complete trading workflow that helps you identify higher-quality setups, project the full trade structure, monitor progression through multiple profit targets, and review trade behavior directly on the chart. Designed for traders who value
Indicator plots price cycle blocks and sends signals with smart volume confirmation. Price cycles and fractals are combined to determine the demand/supply blocks. The indicator can be used alone or combined with other Cycle Indicators Inputs: Period: Recommended value is between 35 and 55( Which are Set 1 and Set 2 periods of cycle sniper ) Engulfing: If true, you will be able to see the engulfing bar confirmation. Volume Filter: True (The  arrow comes with volume confirmation ) Videos with dif
Signal GoldRush Trend Arrow L'indicateur GoldRush Trend Arrow Signal fournit une analyse précise et en temps réel des tendances, spécialement conçue pour les scalpers à haute vitesse et à court terme sur la paire XAU/USD. Conçu spécialement pour les intervalles de temps d'une minute, cet outil affiche des flèches directionnelles indiquant clairement les points d'entrée, ce qui permet aux scalpers de naviguer en toute confiance dans des conditions de marché volatiles. L'indicateur se compose
Scalper Inside PRO
Alexey Minkov
4.74 (69)
Scalper Inside PRO helps you read the intraday trend and plan a trade before you enter the market. It is built around three exclusive strategies for a sharper read of the market. The moment a signal appears, the indicator evaluates market direction and calculates the key levels, so you see the potential entry, the expected stop-loss and several profit-taking levels in advance. Detailed performance statistics show how different instruments and strategies performed in history and help you pick ass
Les Gold Targets sont le meilleur indicateur de tendance. L'algorithme unique de l'indicateur analyse l'évolution du prix de l'actif, en tenant compte des facteurs d'analyse technique et mathématique, détermine les points d'entrée les plus rentables, émet un signal sous la forme d'une flèche et le niveau des prix (ACHETER Entrée / VENDRE Entrée) pour ouvrir une commande. L'indicateur affiche également immédiatement le niveau de prix pour le Stop Loss et cinq niveaux de prix pour le Take Profit.
Un modèle de graphique en triangle symétrique représente une période de contraction et de consolidation avant que le prix ne soit forcé de casser à la hausse ou de s'effondrer. Une cassure de la ligne de tendance inférieure marque le début d'une nouvelle tendance baissière, tandis qu'une cassure de la ligne de tendance supérieure indique le début d'une nouvelle tendance haussière. Obtenez le tableau de bord pour surveiller tous les instruments et les délais que vous échangez contre des modèles
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SMC Zones
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Gold Breakout Sentinel
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Allan Aparece Ninal
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SMC Zones MT4
Allan Aparece Ninal
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Session Levels MT4
Allan Aparece Ninal
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Half Trend ADX MT4
Allan Aparece Ninal
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