Candlestick Patterns Standard
- Göstergeler
- Andrei Strashko
- Sürüm: 1.12
- Etkinleştirmeler: 15
Candlestick Patterns Standard for MT4 is an advanced MetaTrader 4 indicator that automatically detects popular Japanese candlestick patterns on the active chart.
The indicator helps traders find potential bullish and bearish candlestick setups faster, without manually checking every candle. Detected patterns are displayed directly on the chart using arrows and text labels, making technical analysis more visual and convenient.
Candlestick Patterns Standard is suitable for traders who use Price Action, Japanese candlestick analysis, reversal patterns, trend filtering, and manual trading strategies.
Main features
Automatic candlestick pattern detection
Bullish and bearish arrows on the chart
Text labels with detected pattern names
Moving Average trend filter
SMA and EMA support
Moving Average visualization on the chart
Tick volume filter
Flexible candle sensitivity settings
Ability to enable or disable individual pattern groups
Terminal popup alerts
Push notifications to mobile MetaTrader
Closed-candle signal calculation
No repainting of closed signals
Suitable for Forex, gold, indices, crypto, stocks, and commodities
Detected candlestick 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 Inside Up
Three Inside Down
Three Outside Up
Three Outside Down
Trend filter
The indicator uses Moving Average as a market context filter. You can choose SMA or EMA and adjust the Moving Average period.
The filter helps detect bullish reversal patterns after downward movement and bearish reversal patterns after upward movement. This makes the signals more consistent with classical Japanese candlestick analysis.
Volume filter
Candlestick Patterns Standard supports a tick volume filter. It allows the indicator to consider only candlestick patterns that appear during increased market activity.
You can apply the volume filter to all patterns or use it selectively depending on your preferred setup logic. This helps reduce weak signals during low-activity market conditions.
Flexible candle settings
The indicator includes sensitivity parameters that allow you to adjust how strictly candlestick patterns are detected:
minimum candle body size;
body-to-candle-range ratio;
body-to-average-body ratio;
maximum short-candle body size;
minimum shadow-to-body ratio.
Use softer settings to get more signals. Use stricter settings to reduce noise and filter weaker formations.
Alerts
The indicator can notify you when a new candlestick pattern appears on a closed candle.
Available alert types:
Terminal alerts
Push notifications
This is useful if you do not want to monitor the chart manually all the time.
Who can use this indicator
Candlestick Patterns Standard for MT4 is suitable for:
Price Action traders
Forex traders
Gold traders
Crypto traders
Stock and index traders
Manual traders
Traders who use Japanese candlestick patterns as trade confirmation
Users who need a simple but flexible chart analysis tool
Recommended usage
Use the indicator to find potential candlestick setups on the active chart. After a signal appears, confirm it with support and resistance levels, trend direction, market structure, volatility, and risk-to-reward analysis.
Higher timeframes such as H1, H4, and D1 usually provide cleaner candlestick signals. On lower timeframes, it is recommended to use the trend filter and volume filter to reduce market noise.
Important
This indicator is not a trading robot and does not open trades automatically. It is designed for technical analysis and visual candlestick pattern detection.
Candlestick patterns should not be used as standalone trade entries. Always use additional confirmation and proper risk management.
Candlestick Patterns Standard for MT4 is a practical tool for traders who need automatic Japanese candlestick pattern detection, signal filtering, and clear visual chart marking directly in MetaTrader 4.
