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Candlestick Patterns with Alerts MT4

3

With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing.

I'd appreciate if you would review the indicator

Input parameters:

  • ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation
  • LongArrowColor: The color of the Arrows displaying a Bullish candle formation
  • BullishEngulfing: Disabled/Enabled/EnabledwithAlert
  • BearishEngulfing: Disabled/Enabled/EnabledwithAlert
  • Pin:  Disabled/Enabled/EnabledwithAlert
  • Hammer:  Disabled/Enabled/EnabledwithAlert
  • BullBreakout:  Disabled/Enabled/EnabledwithAlerts
  • BearBreakout:  Disabled/Enabled/EnabledwithAlerts
  • Morning Star: Disabled/Enabled/EnabledwithAlerts
  • Evening Star: Disabled/Enabled/EnabledwithAlerts

The indicator will display the enabled formations with arrows below/above the candle where the formation happened. If you disable a formation, no arrows for that formation will be drawn on the chart. If you enable the pattern, there will be arrows appearing, where the candlestick formation happened. If you select "EnabledwithAlert", the indicator will send an alert, whenever there is a new candle on the chart and the formation happened on the last candle. Whenever you drag the mouse over any arrow displayed by the indicator, the formation will be shown in the description of the arrow.

If you are a manual trader and you'd like to see a game changer tool, that is easy to use, enables you to create powerful grid and hedging strategies, check out ManHedger.


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Filtrer:
Andre Babiak
160
Andre Babiak 2023.12.28 12:13 
 

The alert message of this indicator won't reveal from which symbol the alert is coming. So if you use this indicator on several symbols/charts you will have to check all open charts because you won't know which one triggered the alert.

Peter Mueller
9254
Réponse du développeur Peter Mueller 2023.12.28 14:34
Thanks for taking your time and writing a review, I appreciate your feedback. Now I've uploaded a new version of the program, now the alerts should tell you on which symbol and Timeframe the Candlestickpattern happened. Hope you will be satisfied with the new version.
Best regards,
Peter
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Version 1.2 2024.03.23
Added Morning Star and Evening Star candle formations
Version 1.1 2023.12.28
Added the Symbol and the timeframe to the Alert.