Japanese Candlestick Patterns Pro for MT5 is a professional MetaTrader 5 indicator designed for automatic detection of popular Japanese candlestick patterns directly on the chart. It helps traders quickly identify potential bullish and bearish reversal signals without manually scanning every candle.
The indicator detects a wide range of classic candlestick formations, including Bullish and Bearish Engulfing, Harami, Hammer, Hanging Man, Inverted Hammer, Shooting Star, Morning Star, Evening Star, Piercing Line, Dark Cloud Cover, Three White Soldiers, Three Black Crows, Three Inside Up, Three Inside Down, Three Outside Up, and Three Outside Down.
Each detected pattern can be displayed with a clear text label on the chart. Bullish and bearish signals are also marked with arrow buffers, making the indicator suitable for visual analysis and easier integration with other trading tools or Expert Advisors.
Japanese Candlestick Patterns Pro includes optional trend, moving average, and volume filters to reduce market noise and improve signal relevance. Traders can use SMA or EMA trend confirmation, enable volume filtering, and adjust body, shadow, and range sensitivity settings according to their trading style and instrument volatility.
A built-in summary table shows the currently detected bullish and bearish patterns on the last closed candle. This allows traders to quickly evaluate the market situation without searching through the chart manually.
The indicator also supports terminal alerts and push notifications, so traders can be notified when a new bullish or bearish candlestick signal appears on a closed candle.
This tool is useful for Forex, stocks, commodities, indices, and cryptocurrency markets. It can be applied to different timeframes and is suitable for price action traders, technical analysts, and anyone who uses Japanese candlestick patterns as part of their trading strategy.
Main features:
Detects major Japanese candlestick patterns automatically
Displays bullish and bearish arrows on the chart
Shows optional text labels for detected patterns
Includes a real-time pattern summary table
Supports trend filtering with SMA or EMA
Includes optional volume confirmation
Customizable candle body, shadow, and range parameters
Terminal alerts and push notifications
Works on any MT5 symbol and timeframe
Useful for Forex, crypto, stocks, indices, and commodities
Detected patterns:
Bullish Engulfing
Bearish Engulfing
Bullish Harami
Bearish Harami
Hammer
Hanging Man
Inverted Hammer
Shooting Star
Morning Star
Evening Star
Piercing Line
Dark Cloud Cover
Three White Soldiers
Three Black Crows
Three Inside Up
Three Inside Down
Three Outside Up
Three Outside Down
Important: This indicator is not a standalone trading system. Candlestick patterns should be used together with market structure, support and resistance levels, trend analysis, risk management, and additional confirmation tools.
