Japanese Candlestick Patterns
- Göstergeler
- Andrei Strashko
- Sürüm: 1.0
User Guide: https://c.mql5.com/6/1001/Candlestick_Pattern_Detector_MT5_User_Guide_EN__1.txt
Candlestick Pattern Detector for MT5
Candlestick Pattern Detector is a free MetaTrader 5 indicator for automatic detection of popular Japanese candlestick patterns directly on the chart.
The indicator helps traders quickly identify potential bullish and bearish candlestick setups without manually checking every candle. It marks detected patterns with arrows and text labels, making chart analysis faster and more convenient.
This free version is suitable for traders who use price action, Japanese candlestick analysis, reversal patterns, trend confirmation, and manual trading strategies.
Main features
Automatic candlestick pattern detection
Bullish and bearish arrows on the chart
Text labels with pattern names
Moving Average trend filter
SMA and EMA options
Moving Average visualization on the chart
Terminal popup alerts
Push notifications
Works on the last closed candle
No repainting of closed signals
Simple and lightweight
Suitable for any symbol and timeframe in MetaTrader 5
Detected patterns
Bullish Engulfing
Bearish Engulfing
Bullish Harami
Bearish Harami
Hammer
Shooting Star
Morning Star
Evening Star
How it works
The indicator analyzes the current chart and checks the last candles for selected candlestick formations.
When a bullish pattern is detected, the indicator can display a green arrow below the candle and a text label with the pattern name.
When a bearish pattern is detected, the indicator can display a red arrow above the candle and a text label with the pattern name.
The Moving Average filter can be enabled to detect patterns only in the selected trend context. You can use SMA or EMA and adjust the MA period according to your trading style.
Who can use this indicator
Price action traders
Forex traders
Gold traders
Crypto traders
Stock and index traders
Manual traders
Beginners learning Japanese candlestick patterns
Traders who want a simple visual candlestick signal tool
Recommended usage
Use this indicator to quickly find potential candlestick setups on the active chart. For better signal quality, combine detected patterns with support and resistance levels, trend direction, market structure, volatility, and proper risk management.
Higher timeframes such as H1, H4, and D1 usually provide cleaner candlestick signals. On lower timeframes, it is recommended to use the Moving Average filter to reduce market noise.
Important
This indicator is not a trading robot and does not open trades automatically. It is a technical analysis tool for visual detection of candlestick patterns.
Candlestick patterns should not be used as standalone trading signals. Always confirm signals with additional analysis and use proper risk management.
Candlestick Pattern Detector for MT5 is a simple and useful tool for traders who want to add automatic Japanese candlestick pattern recognition to their MetaTrader 5 charts.
