Price Action Patterns Pro
- Indicadores
- Phinnustda Warrarungruengskul
- Versão: 1.30
Price Action Patterns Pro is a professional-grade Candlestick Pattern Detector for MetaTrader 5 that solves one of the biggest weaknesses of standard pattern indicators: too many false signals on noisy candles.
Stop staring at charts all day. Stop second-guessing weak patterns. Configure your filters once, and Price Action Patterns Pro marks only the patterns that actually matter — and pings your phone the moment they form.
FREE for the First 100 Downloads Only — Grab Yours Before It's Gone!
Why Price Action Patterns Pro?
Most free candlestick indicators detect every pattern blindly — including the ones formed on tiny, low-volume candles that fail more often than they work. Price Action Patterns Pro adds two professional-grade filters (ATR Size + Volume) on top of strict ratio-based detection, so you only see signals worth trading.
Unlike fixed-rule indicators, every one of the 23 patterns can be individually enabled, disabled, and tuned to match your own trading style — without touching the source code. Whether you trade Forex, Gold, Indices, or any CFD, the indicator adapts automatically to each symbol's volatility.
Key Features
- 23 Candlestick Patterns — Single, two-candle, and three-candle patterns including Pin Bar, Hammer, Hanging Man, Shooting Star, Inverted Hammer, Marubozu, Doji, Dragonfly, Gravestone, Spinning Top, Engulfing, Harami, Tweezers, Morning Star, Evening Star, Three White Soldiers, Three Black Crows, Three Inside Up, and Three Inside Down.
- Per-Pattern Toggles — Each of the 23 patterns has its own on/off switch. Disable the patterns you don't trade and keep your charts clean.
- Per-Pattern Tuning — Every pattern exposes its own ratio thresholds (body, wick, penetration, engulfing ratio) so you can tighten or loosen detection independently. No one-size-fits-all.
- ATR Size Filter — Filters out undersized candles that produce weak signals. Set a minimum candle range as a percentage of ATR (default 70%). Patterns formed on tiny consolidation candles are automatically rejected.
- Volume Filter — Filters out low-conviction patterns by requiring tick volume above a percentage of the average (default 80%). Patterns formed without participation are skipped.
- Auto-Scaling Labels — Arrow and label distances are calculated from ATR per symbol, not in raw pips. Drop the indicator on EURUSD, XAUUSD, US30, or BTCUSD — labels are correctly spaced on every one without manual adjustment.
- Mobile Push Notifications — Get instant push alerts to the MT5 mobile app the moment a pattern forms. Independent toggles for popup, sound, push, and email — enable only what you need.
- Color-Coded Signals — Bullish, bearish, neutral, and "strong" patterns (Engulfing, Marubozu, Star, Three Soldiers/Crows) each get their own configurable color, so high-conviction setups stand out at a glance.
- Pattern Tooltips — Hover any signal to see the exact body ratio, upper wick ratio, and lower wick ratio that produced it. Verify pattern quality without measuring candles by hand.
- Smooth Timeframe Switching — Recompiled indicator handles wait for full readiness before drawing, so flipping between M15, H1, H4, and D1 never freezes the chart or wipes the signals.
- Full Multi-Timeframe Coverage — Works on every timeframe from M1 to MN1.
Compatible Instruments
Forex (all pairs), Gold XAUUSD, Silver XAGUSD, Indices (US30, US500, NAS100, GER40, UK100), Energy (BRENT, WTI, NGAS), Dollar Index DXY, Crypto CFDs (BTCUSD, ETHUSD), and any other MT5 symbol.
How to Use
- Drag the indicator onto any chart and timeframe
- The indicator scans the most recent 500 bars and marks all detected patterns
- New patterns are detected automatically the moment a bar closes
- When a signal appears, you receive your chosen alerts (popup, sound, push to mobile, email)
- Hover any arrow to inspect the exact ratios of that pattern
For mobile push notifications to work, configure your MetaQuotes ID in MetaTrader 5 under Tools → Options → Notifications before enabling the Push toggle.
How to Tune the Filters
- Too many signals? Increase Min Range ATR (try 0.85 or 1.00) and Min Volume Ratio (try 1.00 or 1.20). Disable patterns you don't trade.
- Too few signals? Decrease Min Range ATR (try 0.50) and Min Volume Ratio (try 0.60). Loosen individual pattern ratios.
- Want only major reversals? Disable single-candle patterns and keep only Engulfing, Stars, Three Soldiers/Crows, and Three Inside Up/Down.
Input Parameters
Display
- Lookback — Number of historical bars to scan on attach (default: 500)
- Arrow Size — Visual width of pattern arrows (default: 1)
- Label Font Size — Text size for pattern labels (default: 7)
Auto Offset
- Use Auto Offset — Auto-scale arrow/label distance using ATR per symbol (default: true)
- Arrow ATR Multiplier — Arrow distance from candle = N × ATR (default: 0.80)
- Label ATR Multiplier — Label distance from candle = N × ATR (default: 1.50)
- Offset ATR Period — ATR period for distance calculation (default: 14)
Alerts and Notifications
- Show Alert — Popup alert in MT5 terminal (default: true)
- Play Sound — Play sound on signal (default: true)
- Send Push — Push notification to MT5 mobile app (default: true)
- Send Email — Email notification (default: false)
ATR Size Filter
- Enable ATR Filter — Reject patterns on undersized candles (default: true)
- ATR Period — ATR period for size calculation (default: 14)
- Min Range ATR — Minimum candle range as fraction of ATR (default: 0.70)
Volume Filter
- Enable Volume Filter — Reject patterns on low-volume candles (default: true)
- Volume MA Period — Average volume period (default: 20)
- Min Volume Ratio — Minimum volume as fraction of average (default: 0.80)
Per-Pattern Settings
Every pattern has its own enable toggle and ratio thresholds — fully customizable.
Requirements
- MetaTrader 5 — any broker, any account type
- MetaQuotes ID configured under Tools → Options → Notifications if push alerts are enabled
- Works on every timeframe from M1 to MN1
- Works on every symbol with valid OHLC data
This indicator does not trade automatically. It is a manual analysis tool that detects, draws, and alerts on candlestick patterns. All trading decisions remain with you.
Reviews and Suggestions Welcome
Found a pattern you'd like added? Have a feature request? Leave a comment or message me directly — I read every one and ship updates regularly.
If you find Price Action Patterns Pro useful, please leave a rating. It genuinely helps more traders find the indicator.
