KT Candlestick Patterns MT5

A candlestick pattern indicator for MetaTrader that shows you which patterns are worth trading on your symbol. It marks 24 Japanese candlestick patterns and writes on the chart how many pips price moved after every signal.

A panel in the corner of the chart turns those results into a record: total signals, wins, success rate and average pips per signal, measured against the target you set. You see what each pattern did on your symbol and timeframe before you take the next one.

What you get

• 24 candlestick patterns: Engulfing, Hammer and Shooting Star, Morning Star, Three White Soldiers, Kicker, Piercing, Marubozu, Fakey Breakout and more, plus four Doji types.
• Signals only where a reversal can happen: a reversal pattern gets an arrow only after a move in the opposite direction, so a Hammer in the middle of a rally is left alone.
• No repainting: a pattern is confirmed when its last candle closes, and the arrow, the pattern name and the box stay where they were drawn.
• A result for every signal: a line follows price after each signal, with the pips written at its end, so you can judge a pattern by scrolling back through your chart.
• Your own success benchmark: enter the pips you want from a trade, and the panel counts how many signals reached it.
• Doji candles kept apart: the four Doji types get a yellow dot as a sign of indecision, never a buy or sell signal.
• Alerts on the closed candle: popup, sound, email and push notifications with the symbol, the timeframe and the pattern name.

How to use it

Attach the indicator to your chart. A blue arrow below the candles marks a bullish pattern, a red arrow above the candles marks a bearish pattern, and a box surrounds the candles that formed it. Set Success Benchmark Pips to the move you want from a trade, then read the panel.

Keep the patterns that work on your chart. Switch the patterns off one at a time in the inputs, and when the success rate rises without a pattern, leave that pattern off. Place your stop loss a few pips beyond the pattern box, where the pattern would fail.

Recommendations

The indicator works on every symbol and timeframe in MetaTrader, including forex pairs, gold, indices and crypto. Start on H1 or a higher timeframe and raise Min. Bars Between Patterns when you want fewer signals and a cleaner chart. Your EA can also read the buy signal, the sell signal and the pattern code.

Input parameters

• History Bars: how many candles are checked for patterns and counted in the record.
• Min. Bars Between Patterns: the smallest gap between two signals (15 by default).
• Draw Pattern Names: writes the name of each pattern on the chart.
• Pattern switches: switch each of the 20 patterns and the four Doji types on or off. Harami is off by default.
• Performance Analysis: draws the result line of every signal and keeps the record.
• Success Benchmark Pips: the pips a signal must move in its direction to count as a win (10 by default).
• Show Text Analysis: shows or hides the record panel.
• Colors and style: the colors of bullish, bearish and neutral patterns, and the color, width and style of the result line.
• Alerts: sound with your own sound file, popup, email and push notifications.

Let your own chart pick the patterns

You get 24 candlestick patterns marked where they make sense, an alert the moment one forms on a closed candle, and the result of every past signal on your own chart. Keep the patterns that reach your target, and trade the next signal with the record behind it.