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Candlestick Patterns with Alerts MT5

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Published: 22 November 2023

Current version: 1.2

Candlestick Patterns with Alerts MT5

Name: Candlestick Patterns with Alerts MT5
Rating: 5 (1 reviews)
Author: Peter Mueller

Indicators
Peter Mueller
Version: 1.2
Updated: 23 March 2024

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.

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/EnabledwithAlert
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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1102

Philip Kym Sang Nelson 2023.12.30 16:07 #

Every price action trader needs this indicator on their charts. What's more this indicator is Free! 5 Stars.

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Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached. The only 2 input parameters are the leverage for the current symbol and a check of wether the Account allows hedging. Zone Recover

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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/Ena

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[Deleted] 2024.05.19 04:31 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2024.05.19 11:26 #

Thanks a lot for your review!

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Philip Kym Sang Nelson 2023.12.30 16:07 #

Every price action trader needs this indicator on their charts. What's more this indicator is Free! 5 Stars.

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Reply from developer Peter Mueller 2023.12.31 12:49 #

Thanks for your review it means a lot to me and I'm glad you like it

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Evgeny Belyaev 2023.11.29 17:17 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2023.11.29 22:41 #

Thank you very much for your review, it means a lot to me!

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.