Candle Pattern Finder MT5

4.2

This indicator searches for candlestick patterns. Its operation principle is based on Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris.

If a pattern is detected, the indicator displays a message at a bar closure.

If you trade using the MetaTrader 4 terminal, then you can download the full analogue of the "Candle Pattern Finder for MT4" indicator

It recognizes the following patterns: Bullish/Bearish (possible settings in brackets):

  1. Hammer / Shooting Star (with or without confirmation*)
  2. Inverted Hammer / Hanging Man(with or without confirmation*)
  3. OutSide Bar
  4. Engulfing (high or low sensibility**)
  5. Piercing Line / Dark Cloud Cover (high or low sensibility**)
  6. Three White Soldiers / Identical Three Crows (high or low sensibility**)
  7. Morning Star / Evening Star
  8. Rising Three Methods / Falling Three Methods
  9. Marubozu (including Closing/Opening Marubozu)
  10. Meeting Lines
  11. Harami, including Harami Cross
  12. Doji, including Evening/Morning Doji Star
  13. Thrusting Line

* - "Without confirmation" - a signal occurs straight at the closure of the bar that forms the candlestick pattern. "With confirmation" - the indicator waits for the next (confirming) bar closure.

** - "Low sensibility" - the pattern is recognized in strict conformity with the description from the book by Gregory L. Morris. "High sensibility" - uses additional criteria that take into account a variety of pattern options in the Forex market, which are not used on the stock market. This has increased the number of correct signals without increasing the number of false ones.


Features:

  1. The indicator implements virtually all candlestick patterns available for Forex from the book by G. Morris.
  2. The indicator is not tied to the size and shape of candlesticks, since it uses the intellectual recognition technique, which is similar to human perception - patterns are recognized so as a human eye would visually recognize them.
  3. You can choose to recognize separate candlestick patterns. Flexible settings for each pattern.
  4. Three languages are supported: English, Russian and Portuguese (the Language parameter). You can also add names of the candlestick patterns in your mother tongue (send me a private message).
  5. Sound and text notifications of pattern formation. Emails and push notifications to mobile devices (parameters ON/OFF-Mail and ON/OFF-Push).

If you want to scan candlestick patterns for all instruments and timeframes at once, then pay attention to the "Candle Pattern Dashboard for MT5" indicator


Parameters:

Parameters of candlestick patterns

  • Parameters of Hammer and Shooting Star (Disable / Single bar (without confirmation) / Bar with confirmation)
  • Parameters of Inverted Hammer and Hanging Man (Disable / Single bar (without confirmation) / Bar with confirmation)
  • Enable OutSide Bar pattern (Disable / Enable)
  • Parameters of Engulfing pattern (Disable / High sensitivity / Low sensitivity)
  • Parameters of Cloud pattern (Dark/Piercing Cloud) (Disable / High sensitivity / Low sensitivity)
  • Parameters of Three White Soldiers/Identical Crows (Disable / High sensitivity / Low sensitivity)
  • Enable Morning Star and Evening Star (Disable / Enable)
  • Enable Rising/Falling Three Methods (Disable / Enable)
  • Enable Marubozu (including Closing/Opening Marubozu) (Disable / Enable)
  • Enable Meeting Lines pattern (Disable / Enable)
  • Enable Harami pattern (Disable / Harami shadows can walk out of shadows of a prev.candle / Harami shadows can not go beyond the shadow of the prev.candle)
  • Doji patterns (Disable / Single Doji candle (without confirmation) / Doji candle with confirmation (is Morning/Evening Doji Star)
  • Thrusting Line

Alerts, E-mail, Push-messages
Color Settings

Other Settings

  • Show Pattern Description
  • Write signals to a log-file - enable writing signals to a file
  • Name of the log-file

You can test the functionality of the program by downloading the test version from the Comments tab
    İncelemeler 6
    paulzzzz
    137
    paulzzzz 2020.12.02 14:58 
     

    EXTRAORDINARY!!!!!!

    Andy Tim Tran
    2818
    Andy Tim Tran 2020.07.27 06:32 
     

    5 stars from me. Thank you!

    Aleksandrs Bogdanovs
    197
    Aleksandrs Bogdanovs 2018.11.12 18:22 
     

    все супер, помогает когда глаза замусоленные :)

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    STE S.S.COMPANY
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    Daniel Stein
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    Aleksandr Makarov
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    Daniel Stein
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    Ihor Otkydach
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    STE S.S.COMPANY
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    5 (7)
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    Vitalyi Belyh
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    TrendMaestro5
    Stefano Frisetti
    Göstergeler
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    Marco Solito
    5 (9)
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    Göstergeler
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    Pavel Zamoshnikov
    4.38 (8)
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    Pavel Zamoshnikov
    4.5 (24)
    Göstergeler
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    Pavel Zamoshnikov
    5 (5)
    Göstergeler
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    Pavel Zamoshnikov
    4.75 (56)
    Göstergeler
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    Pavel Zamoshnikov
    4.59 (69)
    Göstergeler
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    Pavel Zamoshnikov
    4.25 (4)
    Göstergeler
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    Pavel Zamoshnikov
    4 (4)
    Göstergeler
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    Pavel Zamoshnikov
    4 (5)
    Göstergeler
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    5 (4)
    Uzman Danışmanlar
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    Pavel Zamoshnikov
    5 (1)
    Göstergeler
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    4.2 (5)
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    Pavel Zamoshnikov
    4.2 (5)
    Göstergeler
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    Pavel Zamoshnikov
    Göstergeler
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    Pavel Zamoshnikov
    4.67 (9)
    Göstergeler
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    Pavel Zamoshnikov
    4.29 (7)
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    Pavel Zamoshnikov
    5 (10)
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    3.7 (10)
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    Pavel Zamoshnikov
    3.67 (3)
    Yardımcı programlar
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    Pavel Zamoshnikov
    5 (3)
    Yardımcı programlar
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    Pavel Zamoshnikov
    5 (4)
    Yardımcı programlar
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    5 (2)
    Yardımcı programlar
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    Pavel Zamoshnikov
    4 (4)
    Göstergeler
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    Pavel Zamoshnikov
    4.43 (7)
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    Pavel Zamoshnikov
    4.43 (7)
    Göstergeler
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    5 (3)
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    Pavel Zamoshnikov
    4.57 (7)
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    Pavel Zamoshnikov
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    Pavel Zamoshnikov
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    4.5 (2)
    Göstergeler
    The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). Features The best results are obtained when the indicator works on two timeframes. For example: M30 – the indicator shows the main trend; M5 – the indicator gen
    Filtrele:
    paulzzzz
    137
    paulzzzz 2020.12.02 14:58 
     

    EXTRAORDINARY!!!!!!

    Andy Tim Tran
    2818
    Andy Tim Tran 2020.07.27 06:32 
     

    5 stars from me. Thank you!

    MATTEW
    218
    MATTEW 2020.06.11 17:08 
     

    i am loos money any good day trading idea i will chage my review

    Marcus3
    47
    Marcus3 2019.11.05 03:08 
     

    Kullanıcı incelemeye herhangi bir yorum bırakmadı

    Aleksandrs Bogdanovs
    197
    Aleksandrs Bogdanovs 2018.11.12 18:22 
     

    все супер, помогает когда глаза замусоленные :)

    YerVic
    30
    YerVic 2017.05.13 14:57 
     

    Здравствуйте, большое спасибо за такой нужный и удобный индикатор. Только я не понял, как передать ему мой e-mail или номер телефона, чтобы получать сообщения на почту или в виде сообщений на телефон.

    İncelemeye yanıt