Candlestick Patterns Standart
- Indicatori
- Andrei Strashko
- Versione: 1.0
- Attivazioni: 15
User Guide: https://c.mql5.com/6/1001/Candlestick_Patterns_Standard_MT5_User_Guide__1.txt
Candlestick Patterns Standard for MT5 is an advanced MetaTrader 5 indicator that automatically detects popular Japanese candlestick patterns directly on the chart and helps traders find potential market reversal setups faster.
The indicator is designed for manual traders who use Price Action, candlestick analysis, trend confirmation, and Moving Average filters. It displays detected patterns with clear arrows and text labels, and can send alerts when a new signal appears on a closed candle.
Compared with the free version, Candlestick Patterns Standard includes more candlestick patterns, a volume filter, more sensitivity settings, and more flexible signal filtering.
Main advantage
Candlestick Patterns Standard helps you quickly see where an important candlestick setup has appeared. You do not need to manually inspect every candle or remember all pattern conditions — the indicator does the detection automatically.
Bullish patterns are marked with green arrows below the candle.
Bearish patterns are marked with red arrows above the candle.
Text labels show the name of the detected pattern.
The Moving Average helps you evaluate the current trend direction.
Main features
Automatic candlestick pattern detection
Bullish and bearish arrows on the chart
Text labels with pattern names
Moving Average trend filter
SMA and EMA support
Moving Average visualization on the chart
Optional volume filter for additional confirmation
Custom sensitivity settings for candle body, range, and shadows
Ability to enable or disable pattern groups
Terminal popup alerts
Push notifications
Detection on closed candles
No repainting of closed signals
Suitable for Forex, gold, indices, crypto, stocks, and commodities
Detected candlestick patterns
Bullish Engulfing
Bearish Engulfing
Bullish Harami
Bearish Harami
Hammer
Hanging Man
Inverted Hammer
Shooting Star
Morning Star
Evening Star
Piercing Line
Dark Cloud Cover
Three Inside Up
Three Inside Down
Three Outside Up
Three Outside Down
Trend filter
The indicator includes a Moving Average trend filter. You can choose SMA or EMA and adjust the MA period according to your trading style.
The filter helps detect bullish patterns after downward movement and bearish patterns after upward movement, which is more consistent with classical candlestick analysis.
Volume filter
The Standard version includes an optional volume filter. It allows the indicator to consider only candlestick signals that appear with increased tick volume. This can be useful as additional confirmation of market activity.
Alerts
The indicator can notify you when a new candlestick pattern appears on a closed candle.
Available alert types:
Terminal alerts
Push notifications
This is useful if you do not want to monitor the chart manually all the time.
Who can use Candlestick Patterns Standard
This indicator is suitable for:
Price Action traders
Forex traders
Gold traders
Crypto traders
Stock and index traders
Manual traders
Traders who use Japanese candlestick patterns as entry confirmation
Traders who need a simple but more flexible tool than the basic free version
Differences from the free version
The free version is suitable for basic candlestick pattern detection. The Standard version is designed for more serious chart analysis and provides more tools for signal filtering.
| Feature | Free | Standard |
|---|---|---|
| Chart arrows | Yes | Yes |
| Text labels | Yes | Yes |
| Terminal alerts | Yes | Yes |
| Push alerts | Yes | Yes |
| MA trend filter | Yes | Yes |
| MA visualization | Yes | Yes |
| Bullish/Bearish Engulfing | Yes | Yes |
| Bullish/Bearish Harami | Yes | Yes |
| Hammer | Yes | Yes |
| Shooting Star | Yes | Yes |
| Morning Star / Evening Star | Yes | Yes |
| Hanging Man | No | Yes |
| Inverted Hammer | No | Yes |
| Piercing Line | No | Yes |
| Dark Cloud Cover | No | Yes |
| Three Inside Up / Down | No | Yes |
| Three Outside Up / Down | No | Yes |
| Volume filter | No | Yes |
| Advanced sensitivity settings | Limited | Yes |
| More pattern groups | No | Yes |
Key difference
The free version detects only the most basic patterns and is suitable for simple visual analysis.
The Standard version adds more candlestick models, a volume filter, and advanced sensitivity settings, making it more suitable for regular chart analysis and more precise signal filtering.
Recommended usage
Use Candlestick Patterns Standard to find potential candlestick setups on the active chart. After a signal appears, it is recommended to confirm it with support and resistance levels, trend direction, market structure, volatility, and risk-to-reward analysis.
Higher timeframes such as H1, H4, and D1 usually provide cleaner candlestick signals. On lower timeframes, it is recommended to use the MA filter and volume filter to reduce market noise.
Important
This indicator is not a trading robot and does not open trades automatically. It is a technical analysis tool for visual detection of candlestick patterns.
Candlestick patterns should not be used as standalone trade entries. Always use additional confirmation and proper risk management.
Candlestick Patterns Standard for MT5 is a practical intermediate tool between a basic free candlestick detector and a professional multi-currency scanner. It provides more patterns, more filters, and more control over signals while remaining simple and easy to use.
