Candlestick Signal Alerts
- 指标
- 版本: 1.0
Candlestick Signal Alerts is a free indicator for MetaTrader 5 that marks 13 classic candlestick patterns on the chart. Each gets an arrow and a short label on the bar that completes it, and the indicator can alert you when one appears. It is for traders who read candles and want the patterns found for them.
It works on closed bars only. A mark appears when its bar has closed and never moves or disappears. It places no orders.
Quick start
- Attach the indicator to any chart and timeframe. Marks appear on the last 2000 closed bars.
- In the inputs, switch pattern groups on or off. All seven are on by default.
- For alerts, keep the pop-up on (default) or switch on sound, push notification or e-mail.
- Point at a label to see the full pattern name.
Patterns
- Bullish and Bearish Engulfing.
- Hammer and Hanging Man.
- Inverted Hammer and Shooting Star.
- Doji.
- Morning Star and Evening Star.
- Bullish and Bearish Harami.
- Piercing Line and Dark Cloud Cover.
How they are recognised
- Body, wicks and range are compared with each other. They are also compared with the average body and range of the 10 bars before, so the rules adapt to any symbol and timeframe.
- Some patterns depend on what came before: a hammer after a decline, a hanging man after a rise, engulfing, harami, stars, piercing and dark cloud. They use the trend before them: the close against its 20-period EMA.
- A doji needs a body of at most 5% of its range, a range of at least half the average range and a trend before it. Tiny quiet bars are not counted.
- The labels name the pattern (ENG, HAM, STAR, DOJI, MSTAR, HAR, PIER, DCC...). The tooltip gives the full name.
Inputs
| Input | Default |
|---|---|
| Pattern groups (seven) | all on |
| Closed bars to scan (100-20000) | 2000 |
| Short labels | on |
| Colours, label font size | - |
| Alerts: pop-up | on |
| Alerts: sound, push notification, e-mail | off |
Good to know
- A candlestick pattern describes one to three bars. On its own it is not a reason to trade. Many traders use it as one piece of context.
- Buffers for other programs: arrows and the patterns of each bar as a bit mask.
Related products
- Candlestick Scanner MT5 - a separate scanner panel that checks the same rule over many symbols and timeframes. It covers 8 more patterns and can keep only patterns at a recent high or low. It also shows how far price went after each pattern in your own history, next to the same measure for any bar.
- Divergence Signal Alerts - a free indicator with the same closed-bar approach and the same alert options, for RSI and MACD divergences.
- All my products on MQL5
If you find it useful, a short review on this page helps other traders find it.
Questions: use the comments on this page or send me a message on MQL5.
Trading involves risk. This indicator marks chart patterns; it does not tell you to buy or sell.
