Chart Pattern Navigator MT5

Overview

Chart Pattern Navigator MT5 is a technical analysis indicator designed to automatically detect, classify and visualize classic chart patterns directly on your MetaTrader 5 charts.

It helps traders identify potential market structures, monitor pattern development and evaluate possible trading scenarios without having to draw every formation manually.

The indicator combines pattern recognition, configurable breakout and retest logic, projected entry levels, stop-loss and take-profit levels, and an integrated chart dashboard.

Key Features

• Automatic recognition of 19 families of chart patterns.

• Horizontal, ascending and descending channels.

• Pennants, flags, ascending and descending triangles, symmetrical triangles and wedges.

• Cup and handle formations.

• V-bottoms and V-tops.

• Double tops, double bottoms, triple tops and triple bottoms.

• Diamond patterns and rounding tops or bottoms.

• Head and shoulders and inverse head and shoulders.

• Symmetrical and right-angled broadening formations.

• Pattern states: Potential, Confirmed, Buy, Sell, Take Profit, Stop Loss, Expired and Filtered.

• Configurable breakout and retest entry methods for supported patterns.

• Pattern-specific stop-loss and take-profit calculation methods.

• ATR-based tolerances and configurable pattern detection parameters.

• Optional bounce setups for supported channel formations.

• Integrated dashboard with pattern status and signal information.

• Customizable chart colors, labels and displayed pattern count.

• Popup alerts and optional push notifications.

How It Works

The indicator analyzes historical price bars, identifies swing highs and lows, evaluates geometric relationships between price points and checks configurable formation criteria.

Potential patterns can progress to confirmation or generate directional signals when the relevant conditions are met.

Depending on the pattern and selected settings, the indicator can display an indicative entry price, stop-loss level and projected take-profit level.

The displayed levels are analytical references, not executed orders. The indicator does not automatically open or close trades.

Customization

Users can configure the lookback period, pivot strength, ATR period, pattern tolerances, minimum and maximum formation duration, breakout thresholds, entry methods, stop-loss buffers and target calculation methods.

Each supported pattern family includes its own detection parameters, allowing users to adapt the indicator to different chart conditions.

Intended Use

Chart Pattern Navigator MT5 is intended for traders who use classical technical analysis, price action, support and resistance, breakout trading and reversal patterns.

It can be used as a visual analysis tool alongside a trader's existing strategy and risk management rules.

Important Risk Notice

Chart patterns and trading signals can produce false signals. No pattern or indicator can guarantee a profitable outcome. Entry, stop-loss and take-profit levels are analytical estimates and should be evaluated in the context of market conditions, spread, execution costs and individual risk tolerance.

The indicator is an analytical tool and does not constitute investment advice.