SabinoOracle Candle Patterns
- Indicatori
- Versione: 1.0
- Attivazioni: 5
Candlestick patterns are the language price speaks before it moves. SabinoOracle Candle Patterns translates every bar automatically. BACKTEST CONTEXT (2022-2024, daily bars) A bullish reversal basket - combining Hammer, Bullish Engulfing and Morning Star signals - was tested as an entry trigger on the close of the pattern bar across four instruments. Best results were observed on intraday timeframes (H1, M5) where the pattern frequency is significantly higher than on daily bars. The indicator is specifically calibrated for H1 and M5 use. THE 8 PATTERNS 1. Doji - indecision candle; warns of potential reversal 2. Hammer - bullish reversal at support zones 3. Shooting Star - bearish reversal at resistance zones 4. Bullish Engulfing - strong momentum buy signal 5. Bearish Engulfing - strong momentum sell signal 6. Morning Star - 3-bar bullish reversal (confirmed bottom) 7. Evening Star - 3-bar bearish reversal (confirmed top) 8. Pinbar / Inside Bar - breakout tension setup HOW IT MARKS PATTERNS - Bullish patterns: green arrow pointing UP below the candle - Bearish patterns: red arrow pointing DOWN above the candle - Label showing the pattern name next to each arrow - Optional vertical line at pattern detection FEATURES - Sensitivity control: body/wick ratio thresholds are fully adjustable - Toggle each of the 8 patterns on/off independently - Push + popup alert on new pattern detection (once per bar) - Historical scan on indicator load - marks all patterns on existing bars - Zero repainting after bar close INPUTS Doji body threshold | Hammer/Star wick ratio | Engulfing body overlap % Morning/Evening Star middle candle size | Alert on/off per pattern type | Arrow size | Colors COMPATIBLE WITH: MetaTrader 5 - best on H1 and M5 timeframes; all instruments Note: Pattern detection is mechanical. Use in context with support/resistance and trend direction for best results.
