Candlestick Pattern Scanner Dashboard for MT4/MT5

4 December 2024, 14:39
Biswarup Banerjee
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The Candlestick Pattern Scanner Dashboard is a specialized tool designed for traders who rely on candlestick patterns to make informed decisions. This dashboard enables real-time monitoring of various candlestick patterns across multiple currency pairs and timeframes, providing actionable insights at a glance.

You can find the MT4 version here  Candlestick Pattern Multicurrency Scanner MT4

You can find the MT5 version here CandleStick Patterns Multicurrency Scanner MT5

Key Features

  1. Multicurrency Monitoring
    Monitor signals across a diverse range of forex pairs, metals like XAUUSD, and cryptocurrencies like BTCUSD, covering both major and exotic instruments.

  2. Multi-Timeframe Scanning
    Analyze candlestick patterns across timeframes from M1 to MN1, with the ability to enable or disable specific timeframes to suit your trading strategy.

  3. Candlestick Pattern Detection
    The dashboard identifies 15 popular candlestick patterns, including:

    • DOJ: Doji
    • HAM: Hammer
    • IHAM: Inverse Hammer
    • HM: Hanging Man
    • SS: Shooting Star
    • BUEN: Bullish Engulfing
    • BEEN: Bearish Engulfing
    • BUH: Bullish Harami
    • BEH: Bearish Harami
    • BUPL: Bullish Piercing Line
    • BEPL: Bearish Piercing Line
    • TWS: Three White Soldiers
    • TBC: Three Black Crows
    • BUST: Bullish Spinning Top
    • BEST: Bearish Spinning Top

    Each pattern is displayed with its short form and the number of candles ago it appeared. For example, BUEN(3) indicates that a Bullish Engulfing pattern appeared three candles ago.

  4. Confluence Signal Alerts
    Alerts are generated when multiple timeframes align with the same candlestick pattern, enhancing the reliability of trade setups.

  5. Custom Alerts and Notifications
    Stay informed with real-time alerts via pop-ups, emails, or push notifications to ensure no trading opportunity is missed.

  6. Responsive Dashboard Design
    Organized in a grid format, the dashboard displays each detected candlestick pattern and its recent occurrence per timeframe. The layout is fully responsive and adjusts dynamically to various screen sizes.

  7. User Customization
    Adjust text size, label offsets, and other display settings. Filter patterns, symbols, and timeframes to match your trading style.

How It Works

The dashboard continuously scans selected symbols and timeframes for candlestick patterns. Each detected pattern is displayed in a grid cell with its short form and the number of candles ago it appeared. Confluence signals are highlighted for patterns aligning across multiple timeframes.

Why Choose This Dashboard?

The Candlestick Pattern Scanner Dashboard is a powerful, intuitive tool for traders looking to leverage candlestick patterns effectively. By combining pattern recognition with real-time alerts and multicurrency, multi-timeframe analysis, it simplifies market monitoring and decision-making.

Input Walkthrough

Indicator Settings

  • Pattern Detection Toggles: Enable or disable detection for specific patterns (e.g., SHOW_HAMMER , SHOW_BULLISHENGULFING ).
  • TEXT_SIZE : Adjust the size of the text displayed in the dashboard cells.
  • LABEL_OFFSET : Define the label offset for better visualization.
  • MULTIPLER : Adjust text distance for dashboard clarity.

General Settings

  • pairsList1 : Define the list of symbols to scan, including forex, metals, and cryptocurrencies.
  • SCAN_LAST_N_CANDLE : Specify the number of candles to analyze for patterns.
  • Panel Customization: Configure dashboard dimensions using PANEL_HEIGHT_PCT and PANEL_WIDTH_PCT .

Timeframe Signal Settings

  • Individual Timeframe Scanning: Enable or disable specific timeframes, such as ENABLE_IND_1M and ENABLE_IND_5M .
  • Confluence Timeframe Scanning: Configure alerts for alignment across selected timeframes.

Alert Settings

  • ALLOW_ALERT : Enable or disable pop-up alerts.
  • ALLOW_NOTIFICATION : Send push notifications for signals.
  • ALLOW_EMAIL : Receive email notifications for detected patterns.

If you want to try the free trial version for 7 days, feel free to reach out to me via the profile section.