Pattern Recognition Master System MT4

Product Overview
Pattern Recognition Master System is a main‑chart classic candlestick pattern auto‑recognition indicator designed for both the MT4 and MT5 platforms. It automatically detects and labels eleven classic reversal and continuation patterns on the main chart, covering double tops and bottoms, head‑and‑shoulders tops and bottoms, hammer and hanging man, engulfing, doji, and morning and evening stars, with an independent cooldown period assigned to each pattern category to suppress duplicate signals at the source. With compact visuals, clearly layered signals, and per‑pattern alert switches, it is an ideal main‑chart tool for building a pattern‑trading system.
Core Features
Automatic Pattern Recognition and Compact Labeling The system automatically draws pattern‑name text and directional arrows near qualifying candles. Bearish patterns (double top, head‑and‑shoulders top, hanging man, bearish engulfing, doji, evening star) are labeled above the candle, while bullish patterns (double bottom, head‑and‑shoulders bottom, hammer, bullish engulfing, morning star) are labeled below the candle; when multiple patterns appear on the same candle, they are automatically offset in a compact layout to avoid text overlap. Double tops and head‑and‑shoulders tops come with a red downward arrow, and double bottoms and head‑and‑shoulders bottoms come with a green upward arrow, making direction instantly clear. The MT5 version additionally supports pattern candle color‑coding, coloring the key candles that trigger patterns according to their bullish or bearish nature, so that pattern locations are shown intuitively through candle color.
Bearish Pattern Signals
  • M Top (Double Top): Triggered when the current candle is a local peak, a similar high of comparable height exists within the last 10 to 25 candles, and the current candle closes bearish, displaying a red downward arrow with the text "M Top" above the candle. This means price has failed twice to break the same resistance zone and bullish momentum is exhausted, making it a classic top‑reversal short or exit signal.
  • HS Top (Head‑and‑Shoulders Top): Triggered when a head‑and‑shoulders top structure is confirmed (the central head is higher than both shoulders, the two shoulders are of similar height, the current candle is a local peak, and the close is below the 10‑period moving average), displaying a red downward arrow with the text "HS Top" above the candle. This means a complete top‑reversal structure has formed, making it an extremely reliable trend‑reversal short signal.
  • Hanging (Hanging Man): Triggered when the candle's lower shadow is at least twice the body length, the upper shadow is smaller than the body, and the close is above the 10‑period moving average, displaying the orange text "Hanging" above the candle. This means that at the high of an uptrend, signs of weakening downside support are appearing, making it a short‑term topping warning signal.
  • Engulf- (Bearish Engulfing): Triggered when the current bearish candle is completely engulfed by the previous bullish candle (open above the prior close and close below the prior open), displaying the red text "Engulf-" above the candle. This means bears have recaptured the entire prior gain and pushed back, making it a strong short‑term reversal short signal.
  • Doji (Doji): Triggered when the candle body is less than 10% of the total candle range, displaying the white text "Doji" above the candle. This means bullish and bearish forces have reached a brief balance within the candle, making it a neutral warning signal that the trend may pause or reverse; confirmation from the surrounding candles is recommended.
  • E-Star (Evening Star): Triggered when a three‑candle combination satisfies "the candle two bars back is bullish, the middle candle has a clearly smaller body, and the current candle closes bearish below the midpoint of the body two bars back," displaying the aqua text "E-Star" above the candle. This means a clear three‑candle reversal structure has appeared at the high of an uptrend, making it a classic top‑reversal exit signal.
Bullish Pattern Signals
  • W Bot (Double Bottom): Triggered when the current candle is a local bottom, a similar low of comparable depth exists within the last 10 to 25 candles, and the current candle closes bullish, displaying a green upward arrow with the text "W Bot" below the candle. This means price has found support twice at the same level and bearish momentum is exhausted, making it a classic bottom‑reversal long signal.
  • HS Bot (Head‑and‑Shoulders Bottom): Triggered when a head‑and‑shoulders bottom structure is confirmed (the central head is lower than both shoulders, the two shoulders are of similar depth, the current candle is a local bottom, and the close is above the 10‑period moving average), displaying a green upward arrow with the text "HS Bot" below the candle. This means a complete bottom‑reversal structure has formed, making it an extremely reliable trend‑reversal long signal.
  • Hammer (Hammer): Triggered when the candle's lower shadow is at least twice the body length, the upper shadow is smaller than the body, and the close is below the 10‑period moving average, displaying the yellow text "Hammer" below the candle. This means strong downside support has appeared at the low of a downtrend, making it a short‑term bottoming rebound signal.
  • Engulf+ (Bullish Engulfing): Triggered when the current bullish candle is completely engulfed by the previous bearish candle (open below the prior close and close above the prior open), displaying the green text "Engulf+" below the candle. This means bulls have recaptured the entire prior loss and pushed back, making it a strong short‑term reversal long signal.
  • M-Star (Morning Star): Triggered when a three‑candle combination satisfies "the candle two bars back is bearish, the middle candle has a clearly smaller body, and the current candle closes bullish above the midpoint of the body two bars back," displaying the magenta text "M-Star" below the candle. This means a clear three‑candle reversal structure has appeared at the low of a downtrend, making it a classic bottom‑reversal entry signal.
Practical Application
In day‑to‑day pattern trading, it is recommended to use signals in layers by structural level. Double tops/bottoms and head‑and‑shoulders tops/bottoms are multi‑candle structural reversal signals with the highest reliability, suitable as the core basis for main‑position entry or exit; hammer, hanging man, and engulfing are single‑ or double‑candle momentum reversal signals that react quickly, suitable for short‑term timing and trial positions; doji is a neutral balance signal that does not itself provide a directional conclusion and should be treated as a prompt to "wait for the next candle to confirm"; morning and evening stars are three‑candle combination reversal signals with structural completeness between the two, suitable as confirmation signals for swing entries.
When bearish patterns (M Top, HS Top, Hanging, Engulf-, E-Star) appear, long holders should consider trimming or exiting, and flat traders can look for short opportunities; when bullish patterns (W Bot, HS Bot, Hammer, Engulf+, M-Star) appear, short holders should consider covering, and flat traders can look for long opportunities. All pattern signals are best used in combination with key support and resistance levels: reliability increases significantly when a pattern appears near a prior high or low, a trendline, or a moving average.
Parameter Settings
Cooldown filter parameters: The system assigns independent cooldown periods to four pattern categories. Double Top/Bot cooldown defaults to 15 candles, controlling the repetition frequency of double top and bottom signals; Head-Shoulder cooldown defaults to 20 candles, controlling the repetition frequency of head‑and‑shoulders patterns; Candle pattern cooldown defaults to 3 candles, controlling the repetition frequency of single‑candle patterns such as hammer, hanging man, engulfing, and doji; Star pattern cooldown defaults to 5 candles, controlling the repetition frequency of morning and evening stars. Max Lookback Bars defaults to 2000, controlling the maximum number of historical candles marked with patterns, balancing chart cleanliness with backtesting needs.
Alert settings: Alert On Bar Close is enabled by default and is strongly recommended to stay enabled, so alerts fire only after a candle closes and confirms the pattern, avoiding false pattern signals caused by intrabar price swings. Popup and Sound are enabled by default, while Push and Email are disabled by default; traders can adjust them flexibly according to their screen‑watching habits.
Per‑signal alert switches: The system lets you independently enable or disable alerts for each of the eleven pattern signals, M Top, W Bot, HS Top, HS Bot, Hammer, Hanging, Engulf+, Engulf-, Doji, M-Star, and E-Star. By default, alerts are enabled for double tops/bottoms, head‑and‑shoulders tops/bottoms, engulfing, and morning/evening stars, while hammer, hanging man, and doji are disabled by default due to their higher frequency, so you receive only the high‑quality signals relevant to your current strategy.
Usage Recommendations
This indicator applies to mainstream instruments such as forex, precious metals, indices, and cryptocurrencies, and is fully compatible with the MT4 and MT5 terminals. It is recommended for use on the H1 timeframe and above; pattern structures on larger timeframes are more stable and practically valuable than on smaller ones, effectively reducing noise patterns.
It is recommended to combine this indicator with trend indicators (such as moving averages) or volume indicators. For example, a Hammer or Engulf+ signal appearing within an uptrend is a with‑trend pullback buying opportunity with higher reliability than a counter‑trend signal; a Hanging or Engulf- signal appearing within a downtrend is a with‑trend rebound shorting opportunity. No pattern recognition can guarantee a 100% win rate, so please always set strict stop losses and control position risk, using this indicator as a decision aid rather than the sole basis.
Summary
Pattern Recognition Master System perfectly fuses three mechanisms: automatic recognition of eleven classic candlestick patterns, layered cooldown filtering, and independent alert control. It is not only a visually compact, clearly signaled main‑chart pattern labeling tool but also a practical pattern‑trading system with structural grading, directional layering, and all‑round filtering, suitable for traders at every level to build robust reversal‑capture and pattern‑following rules and capture high‑win‑rate reversal opportunities while controlling risk.

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Este produto foi atualizado para o mercado de 2026 e otimizado para as versões mais recentes do MT5. AVISO DE ATUALIZAÇÃO DE PREÇO: Smart Trend Trading System está atualmente disponível por $99 . O preço aumentará para $199 após as próximas 30 compras . OFERTA ESPECIAL: Após comprar o Smart Trend Trading System, envie-me uma mensagem privada para receber o Smart Universal EA GRÁTIS e transformar seus sinais do Smart Trend em operações automatizadas. Smart Trend Trading System é um sistema de tr
I have been trading for some time now and always find it a difficulty remembering the timing of the various market opening hours at the other part of the world (especially, when it comes to daylight saving), but could not find any decent indicator online that could help. And it is for this reason that gives birth to this indicator, which I have spent much time, effort and thinking. As many already know that opening of a certain marketplace, depending on which currency pair, has an impact on the
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5 (1)
O desconto termina em 24 horas — próximo preço $ 69 ZORYK — Sistema avançado de sinais e planejamento para XAUUSD no MetaTrader 4 Você conhece essa sensação. Você analisa o ouro, espera pela entrada e finalmente abre a operação. O preço começa a se mover contra você. Você fecha cedo demais, altera o Stop Loss ou hesita por alguns segundos. Logo depois, o mercado segue exatamente na direção que você esperava, mas sem você na operação. O problema nem sempre era a direção. O verdadeiro problem
The elite (V3) multi-indicator suite from JoaquinTrading specifically geared towards Forex & binary options, including regulated exchanges such Nadex, Cantor Exchange, and other binary option brokers. The Probability Tool Suite Elite will provide the given win/loss outcome probabilities of up to 10 strike levels, a specific expiration duration, based on a combination of up to 16 indicators, rules, or conditions and derivative behavior (i.e. expiry, touch, touch & retrace).  Using this indicato
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Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was
TrendLine PRO MT4
Evgenii Aksenov
4.83 (168)
The Trend Line PRO indicator is an independent trading strategy. It shows the trend change, the entry point to the transaction, as well as automatically calculates three levels of Take Profit and Stop Loss protection. Trend Line PRO is perfect for all Meta Trader symbols: currencies, metals, cryptocurrencies, stocks and indices. The indicator is used in trading on real accounts, which confirms the reliability of the strategy. Robots using   Trend Line PRO   and real Signals can be found here:   
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Este produto foi atualizado para o mercado de 2026 e otimizado para as versões mais recentes do MT5. AVISO DE ATUALIZAÇÃO DE PREÇO: Atomic Analyst está atualmente disponível por $99 . O preço aumentará para $199 após as próximas 30 compras . OFERTA ESPECIAL: Após comprar o Atomic Analyst, envie-me uma mensagem privada para receber o Smart Universal EA GRÁTIS e transformar seus sinais do Atomic Analyst em operações automatizadas. Atomic Analyst é um indicador de trading de Price Action sem repa
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Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
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4.43 (7)
Dynamic Forex28 Navigator - A ferramenta de negociação Forex de última geração. ATUALMENTE 49% DE DESCONTO. Dynamic Forex28 Navigator é a evolução dos nossos indicadores populares de longa data, combinando o poder de três em um: Indicador Advanced Currency Strength28 (695 avaliações) + Advanced Currency IMPULSE com ALERTA (520 avaliações) + Sinais CS28 Combo (Bônus). Detalhes sobre o indicador https://www.mql5.com/en/blogs/post/758844 O que o Next-Generation Strength Indicator oferece?  Tudo
Gold Channel   é um indicador baseado na volatilidade, desenvolvido com um algoritmo de tempo especifico para o par XAUUSD que consiste em encontrar possíveis correções no mercado. Este indicador mostra duas linhas exteriores, uma interior (linha de retração) e um sinal de seta, onde a teoria do canal consiste em ajudar a identificar condições de sobrecompra e sobrevenda no mercado. O preço do mercado cairá geralmente entre os limites do canal. Se os preços tocarem ou se moverem para fora do can
BTMM State Engine Pro by G-Labs — Beat The Market Maker indicator for MetaTrader 4. Asian session range, London and New York kill zones, level progression (L1/L2/L3), peak formation detection (PFH/PFL), entry signals, and a multi-pair scanner from one chart. Stop scanning charts one pair at a time. The State Engine tracks the BTMM daily cycle automatically — Asian box, room boundaries, level blocks, peak formations, and filtered entries — while the scanner dashboard shows level, peak status,
Legacy of Gann
Pavel Zamoshnikov
4.83 (12)
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
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5 (1)
Apollo Striker é um indicador de seta de COMPRA/VENDA eficaz que prevê a direção do movimento dos preços. Este indicador é adequado para absolutamente todos os comerciantes, independentemente da estratégia preferida ou par de moedas, período de tempo. Este indicador de seta pode ser usado com absolutamente qualquer instrumento de negociação, seja moedas, metais, índices, ações ou até criptomoedas. Além disso, um trader pode facilmente adaptar os sinais do indicador para qualquer par de negociaçã
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