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Requirements Specification – Candle Pattern Signal + Stochastic Filter
Platform: MetaTrader 5 (MT5)
Type of request: Indicator or Expert Advisor (without opening positions, only signals)
Objective:
The script should detect certain candlestick patterns and generate a signal only if an additional condition on the Stochastic Oscillator is met.
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✅ Candlestick Patterns to detect:
1. Piercing Pattern – BUY signal
2. Hammer – BUY signal
3. Morning Star – BUY signal
4. Dark Cloud Cover – SELL signal
5. Shooting Star – SELL signal
6. Evening Star – SELL signal
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📊 Additional Condition: Stochastic Oscillator
The pattern should be detected only if the following condition is met:
• For BUY signals – Stochastic (%K) is below 20
• For SELL signals – Stochastic (%K) is above 80
Default stochastic settings:
• %K: 8
• %D: 3
• Slowing: 5
🔧 These settings must be adjustable by the user in the input parameters.
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🔔 Signal Output:
When the conditions for the pattern + stochastic are met, the script:
• Displays an arrow on the chart (BUY – green arrow up, SELL – red arrow down)
• Displays an alert (pop-up in the terminal)
• Sends a push notification (e.g., to phone)
• Sends an email alert (optional – can be turned on/off in settings)
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⚙️ Additional Parameters for User Configuration:
• Turn on/off individual candlestick patterns (checkbox in settings)
• Turn on/off alerts, push notifications, email alerts
• Arrow color and size (optional, but not required to modify in settings)
• TimeFrame selection (e.g., M5, M15, H1, etc.)
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