Japanese Candlestick Patterns Pro Mt5

Japanese Candlestick Patterns Pro — Description and Benefits

What is this product
This is an indicator for MetaTrader 5 that automatically detects popular Japanese candlestick patterns on the chart in real time. You don’t need to search for signals manually — the indicator does it for you.

How it works (simple explanation)
The indicator analyzes each candle and compares its shape, size, and position with previous candles.
When a combination matches a known pattern (such as Engulfing or Hammer), it:

• displays the pattern name on the chart;

• shows a directional arrow (up — buy, down — sell);

• updates a table with current signals;

• sends a notification (if enabled).

You can also apply additional filters:

• trend filter (based on a moving average);

• volume filter (for stronger signals).

Key advantages

• Automatic pattern detection
  No need to analyze charts manually — everything is marked for you.

• Clear trading signals
  Arrows instantly show BUY or SELL direction.

• On-chart labels
  Pattern names are displayed directly on candles.

• False signal filtering
  Trend and volume filters improve signal quality.

• Convenient table
  Shows active patterns in real time.

• Alerts
  Receive notifications in the terminal or on your phone.

• Flexible usage
  Can be used as a standalone tool or as confirmation in any strategy.

Supported patterns

• Engulfing

• Harami

• Hammer / Hanging Man

• Inverted Hammer / Shooting Star

• Morning Star / Evening Star

• Piercing Line / Dark Cloud Cover

• Three White Soldiers / Three Black Crows

• Three Inside Up / Down

• Three Outside Up / Down

Input parameters

Main:

• AvgPeriod — period for average candle size calculation

• UseATR — enable ATR usage (auxiliary parameter)

• ATRPeriod — ATR period

Filters:

• UseTrendFilter — enable trend filter

• MAType — moving average type (SMA or EMA)

• TrendMAPeriod — MA period

• UseVolumeFilter — enable volume filter

• VolumeThreshold — minimum volume (% of average)

Candle parameters:

• MinBodyPricePercent — minimum body size relative to price

• MinBodyRangePercent — minimum body size relative to range

• MinBodyAvgPercent — minimum body size relative to average

• MaxShortBodyPercent — maximum size for short candles

• MaxDojiBodyRange — doji threshold

Display:

• ShowLabels — show pattern names

• ShowSignalArrows — show arrows

• ShowTable — show table

• MaxBarsToDraw — number of bars to analyze

Table:

• TableX , TableY — position

• TableRowHeight — row height

• TableColPatternWidth — pattern column width

• TableColBullWidth — bullish column width

• TableColBearWidth — bearish column width

Alerts:

• EnableTerminalAlerts — terminal alerts

• EnablePushAlerts — push notifications

Who is it for

• beginners — as a learning tool;

• traders — as a signal confirmation tool;

• scalpers and intraday traders — for fast signals;

• swing traders — for identifying reversals.

Summary
This indicator turns complex candlestick analysis into a simple and visual tool:
you see the signal → understand the direction → make a decision.