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Candle Pattern Finder

4.56

The indicator finds candlestick patterns based on Gregory L.' Morris "Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures".

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

If you trade using the MetaTrader 5 terminal, then you can download the full analogue of the "Candle Pattern Finder for MT5" 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 MT4" 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 – show/hide pattern descriptions
  • Language – English or Russian

You can test the functionality of the program by downloading the test version from the Comments tab


    İncelemeler 18
    a813382445
    29
    a813382445 2023.09.12 06:55 
     

    可以添加中文吗

    lupeng903307291
    25
    lupeng903307291 2023.06.26 15:44 
     

    Hello, I have purchased your Candle Pattern Finder indicator, which is very useful. Can you add a Chinese language when updating? thank you

    Max
    1213
    Max 2021.11.20 12:53 
     

    I have enjoyed this for a while now. It is very neat on my chart, all patterns are included with some detail and fully customisable. My one gripe was its covered the whole chart’s history but this has now been fixed with the bars back update. So i can give this a perfect 5 stars.

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    4.2 (5)
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    Market Calculator is a powerful tool that allows you to easily and quickly calculate the main parameters of a trade: Lot size, StopLoss and TakeProfit, as well as estimate the amount of funds (required Margin) to open a position. The program has a very convenient and intuitive control, because implemented in OS Windows style. There are many interesting and handy features - just watch the video: youtu.be/FG2qqTJTIhE All program data are sorted into sections in the form of tabs: " Lot Calculator "
    Trend Monitor MT5
    Pavel Zamoshnikov
    3.67 (3)
    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 ge
    Filtrele:
    a813382445
    29
    a813382445 2023.09.12 06:55 
     

    可以添加中文吗

    Pavel Zamoshnikov
    138124
    Geliştiriciden yanıt Pavel Zamoshnikov 2023.09.12 17:03
    I can add Chinese, but I need your help. Write to me in private, please
    lupeng903307291
    25
    lupeng903307291 2023.06.26 15:44 
     

    Hello, I have purchased your Candle Pattern Finder indicator, which is very useful. Can you add a Chinese language when updating? thank you

    Pavel Zamoshnikov
    138124
    Geliştiriciden yanıt Pavel Zamoshnikov 2023.06.28 10:53
    Thank you! Yes, I can add Chinese. Please write to me in private.
    Max
    1213
    Max 2021.11.20 12:53 
     

    I have enjoyed this for a while now. It is very neat on my chart, all patterns are included with some detail and fully customisable. My one gripe was its covered the whole chart’s history but this has now been fixed with the bars back update. So i can give this a perfect 5 stars.

    Pavel Zamoshnikov
    138124
    Geliştiriciden yanıt Pavel Zamoshnikov 2021.11.20 12:57
    Thank you!
    Alireza Mahallati
    28
    Alireza Mahallati 2021.10.12 13:16 
     

    I have just purchased the indicator after testing the demo version. I am pleased with it. It generates accurate patterns since it can use confirmation on user's demand.

    I am writing this line after three weeks, The indicator works fine. The seller was also very helpful and good mannered.

    cvdestyfx
    2702
    cvdestyfx 2021.08.24 22:25 
     

    A good variety of candle patterns to choose from. Candle patterns display correctly. It's a useful indicator.

    De Wet Nel
    1080
    De Wet Nel 2020.06.03 19:19 
     

    Perfect, Good guy. Thank you for your personal assistance!!

    383702
    19
    383702 2020.04.06 01:46 
     

    Not very accurated it doesn't shows the engulfing patterns when the trend pulls back and continues. Example during the up trend the price pulls back and then make a engulfing pattern that particular pattern didnt showed up even with the more accurate settings. Please is it possible to change this?

    Nicolas Dobrovsky
    699
    Nicolas Dobrovsky 2020.04.02 11:19 
     

    High quality indicator

    joelliy
    51
    joelliy 2020.02.11 09:47 
     

    works very well!!

    Dávid Gyalus
    208
    Dávid Gyalus 2019.02.19 15:39 
     

    This indicator has in my opinion the best value comparison to the price, you need to just set the setting properly! That is really important, because if not, it will show you too much signal, anyway belive you dont need as much. So just set the setting like ------&gt; only with confirmation, and low sensivity accurate signals! Cheers quys!

    khalaf2011
    19
    khalaf2011 2018.06.07 15:45 
     

    NOT good... NOT GOOD AT ALL.

    Peter
    1092
    Peter 2018.01.30 19:46 
     

    Excellent candlestick indicator! It's accurate, well programmed and works like a charm :)

    [Silindi] 2017.10.16 19:50 
     

    Kullanıcı incelemeye herhangi bir yorum bırakmadı

    pnutfx503
    1525
    pnutfx503 2017.05.31 07:58 
     

    It work better than the one's that I paid more money for very easy to use.

    3110494
    19
    3110494 2017.02.03 12:13 
     

    Just purchased candle finder on mql5 but I can't set it up on mobile devices mt4 please help

    garethconcise
    105
    garethconcise 2016.06.07 08:59 
     

    Just bought this product, does what it says on the box but really helps you learn your candles without being intrusive. Highly recommended.

    Dennis Pratama
    23
    Dennis Pratama 2016.06.04 10:47 
     

    Kullanıcı incelemeye herhangi bir yorum bırakmadı

    scarte64
    56
    scarte64 2015.10.26 20:12 
     

    Does exactly as promised, and has a good amount of customisation to have confirmation or take off the names of the patterns etc, just what I needed.

    İncelemeye yanıt
    Sürüm 2.4 2021.11.20
    Added the "Counting bars" parameter for calculating on a specified number of bars only (speeds up the loading of the indicator)
    The distance from the price to the arrows and the descriptions of the patterns have been moved to the settings
    Sürüm 2.2 2020.12.29
    Added the Marubozu pattern + Closing Marubozu and Opening Marubozu
    Sürüm 2.1 2020.12.11
    Search for the "Outside Bar" pattern now has a filter that you can select in the "Parameters of Outside Bar" parameter:
    1. Reversal Outside Bars only - a signal only if the direction of the "Outside Bar" candle is opposite to the direction of the previous candle
    2. All Outside Bars - signals on all "Outside Bar" candles
    Sürüm 2.0 2020.12.04
    - Added Doji patterns (including "Evening / Morning Doji Star"), "Outside Bar", "Thrusting line".
    - Improved trend detection algorithm.
    - In the Harami model, you can now change the sensitivity to the signal (the shadows of the Harami candlestick can protrude beyond the shadows of the previous candles)
    Sürüm 1.21 2017.03.29
    Updated to the new terminal build
    Sürüm 1.2 2016.04.11
    1. Added the "Description Font Size" parameter, which adjusts the font size of the pattern description

    2. Now the indicator is able to pass the EA not only the information on the candlestick pattern appearance, but also the type of the pattern using the global variables of the terminal.
    Sürüm 1.1 2015.06.08
    Now the indicator is more sensitive to identification of "Hammer" and "Shooting star" patterns.