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Price Action Candlestick Patterns

5

Candlestick Patterns Indicator for MetaTrader 4 (MT4)

This customizable indicator identifies key bullish and bearish candlestick patterns, aiding traders in technical analysis and decision-making.

Key Features:

  • Pattern Detection:
    • Bullish: Hammer, Bullish Engulfing, Morning Star, Three White Soldiers, Bullish Harami, Inverted Hammer.
    • Bearish: Shooting Star, Bearish Engulfing, Evening Star, Three Black Crows, Bearish Harami, Hanging Man.
  • Customization: Enable or disable specific patterns based on strategy. Arrows indicate patterns (blue for bullish, red for bearish) with adjustable size and spacing.
  • Moving Average Integration: Optional, customizable moving average line (period, method, timeframe).
  • Alerts System: Alerts via on-screen messages, sound, push notifications, and email for detected patterns.

Multiple Pattern Detection:

  • Convergence: Displays multiple patterns on one candle for stronger signals.
    • Bullish Confluence: Multiple blue arrows indicate stronger upward movement.
    • Bearish Confluence: Multiple red arrows signal stronger downward movement.
    • Mixed Patterns: Both bullish and bearish patterns suggest market indecision.

This indicator enhances trading by highlighting important market reversals and continuations with a clear, visual representation, improving overall performance.


Reviews 5
danmar
1490
danmar 2024.07.25 15:13 
 

HI i already have some tools for candle patterns but i read the reviews and was interested. after a response of the seller i decide to give a chance and i am the one who is lucky because it is excellent and accurate especially on quick time frame where i trade. The seller answer quickly. very good even excellent tool which give the parameters to see arrow where we want. Well done. i have 2 tools of Davit and they are good and at a nice price. Thank you.

lauro1956
4842
lauro1956 2024.07.25 09:58 
 

Compilation of candles there are many indicators. But this one adds intelligence and effectiveness. A new way of dealing with the subject

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MRA Index
Davit Beridze
5 (5)
You get Ea based on MRA Index for free as a Bonus in case of indicator purchase.  For sc alping I optimize sets on period of l ast 12 months  and use it next 1 month, this w ay it works very well ! Def ault settings   are just for vizu alis ation, it c an not be profit able with it, recommendations about Correct optimization process I sh are with buyers. The "MRA Index" forex indicator is a versatile tool that combines various technical elements to provide traders with valuable insights into pot
Period Cross RSI
Davit Beridze
5 (6)
Check my p a id tools they   work  perfect! "Period Cross RSI" Is a New indicator idea that shows crosses of two RSI lines with different periods which creates ascending and descending zones for confirmation of long and short trading. This indicator is brend new and will be upgraded further, for now I recommend to use it as a confirmation, filter indicator for determination of long/short trading zones, not as a signaler indicator for now. Further upgrades can make it as a signaler indicator as w
FREE
Filtered TMA Arrows
Davit Beridze
5 (2)
Check my p a id tools they   work  perfect please r ate Here is an Upgraded version with Bonus Ea in case of purchase it costs 30$ only and you get Ea as Bonus:  https://www.mql5.com/en/market/product/96835 This indicator is experimetal, it shows TMA channel arrows with Volatility filter built in to avoid lagging. Try to experiment with it, search for better conditions of use. It is possible to adjust different timeframes for TMA and for Volatility filter Same time on the current chart, so it ma
FREE
MA Speedometer
Davit Beridze
4.6 (10)
Dashboard for Ma Speedometer:  https://www.mql5.com/en/market/product/116784 Non standard attitude to the standard moving average indicator. The essence of the indicator is to determine the strength and speed of the price direction by determining the tilt angle of the moving average. A point is taken on the fifteenth MA candle and a point on the last closed MA candle, a straight line is drawn between them, it is movable and on a hemisphere shows an angle of inclination from 90 degrees to -90.
Adjustable Pin Bar
Davit Beridze
5 (2)
Check my p a id tools they   work  perfect please r ate Adjustable PIN BAR indicator is usefull tool alowing to search for pin bars you wish to find on the price chart, it has 2 parameters to filter out what type of pin bars you wish to search for: 1) MinTailProc 75% (default) which means to show pin bars that has minimum size of the Nose (Tail) as 75% of full candle size. If Upper Nose (Tail) size of the candle is minimum 75% of the candle size fully than candle is painted in RED. If Lower Nose
FREE
Laguerre Scrat
Davit Beridze
5 (1)
In case you get Laguerre S crat indicator, you will get Laguerre Scrat Ea as a Gift. To get Ea  and det a iled m anu al PDF contact me PM. Default settings are for usd/cad H4 For St able Long term Profits Laguerre Scrat is a trading system based on 4 indicator combinations in the shape of one indicator. Laguerre indicator (upgraded), CCI, Bollinger bands and market volatility factor. It generates arrows in the indicator window and nuts on the price chart, doubling arrows for a better view where
after getting indic ator cont act me for Bonus E a. Non Repaint TMA channel with special conditioned arrows on price cross of channel lines plus market Volatility factor, which makes product much more accurate than any usual tma channel indicators.  It is proven to be profitable with Ea built based on it which you will get as a BONUS in case of indicator purchase. Good luck.
Check my paid tools they work great and I share Ea's based on them for free please r ate The Dual Timeframe RSI (Relative Strength Index) indicator is a novel trading tool that allows traders to monitor RSI readings from two different timeframes on a single chart. This dual perspective enables traders to identify potential trend confirmations and divergences more effectively. For instance, a trader might use a 1-hour RSI alongside a daily RSI to ensure that short-term trades align with the bro
FREE
Indicator shows buy/sell arrows depending on volatility factor. Indicator does not repaint! It works on any pair and any timeframe. It is well tested through strategy builders and shows quite interesting results as a good filter indicator and as independent signaler as well (check the screenshots). It is possible to search for a lot of interesting parameters for profitable trading, some of which are shown on the screenshots. There are next inputs in indicator settings: N-volatility period; Level
Steady Ranger EA
Davit Beridze
3 (2)
B acktest with set files from comments section (L a st comment) with method open price only. Watch video and Turn ON Subtitles when watching! This EA contains Few stop out levels built in what makes it much safer than any other method! Never pay attention to the Stereotips. Any method can be risky if you use them without a Sense. Steady Ranger EA is an advanced automated channel trading system with potential to find out hundreds of profitable set files according to the back tests. This EA is n
RSI Entry Points
Davit Beridze
5 (5)
RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informative. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. I Made RSI line Dynamic, it gets more flexible
This EA is Created just for RSI Entry points Indicator ( https://www.mql5.com/en/market/product/67581 Test, to show indicators profitable parameters and to give potential buyers possibility to backtest indicator Entries. EA opens Buy orders on Buy Arrows and Sell orders on Sell Arrows of the indicator, orders are closed on opposite signals. EA is not created for Live automated trading, thats not the goal to sell EA, but any ways if you like it and need it, you can rent. Default settings are f
Re ad First Before Testing. This Ea goes as a Bonus to  MFI Modern PRO indicator users only. Set files generated  after upgrade you can check in comments section. This Expert advisor is based on MFI Modern PRO indicator   https://www.mql5.com/en/market/product/80765 just to  give possibility to indicator users for fastly test the indicator Before buying. In comments section recommended set files are uploaded by which you can prove yourself that backtest data from indicator overview are real. Thi
MA Revolution
Davit Beridze
5 (1)
MA Revolution is upgraded version of standard Moving   A verage. With the current upgrade moving average line got more sensitive with different market conditions. It gets more flexible by decreasing default period step by step while market is sharp and incrasing period back to default period step by step while market is normal again. testing of the ide a shows th at this upgr aded version gives much more acur acy for detecting m arket direction, ch anges in direction are shown much e arly th an
MA Speedometer MT5
Davit Beridze
5 (3)
Non standard attitude to the standard moving average indicator. The essence of the indicator is to determine the strength and speed of the price direction by determining the tilt angle of the moving average. A point is taken on the fifteenth MA candle and a point on the last closed MA candle, a straight line is drawn between them, it is movable and on a hemisphere shows an angle of inclination from 90 degrees to -90. above 30 degrees is the buying area, below -30 degrees is the selling area. abo
Indicator shows buy/sell arrows depending on volatility factor. Indicator does not repaint! It works on any pair and any timeframe. It is well tested through strategy builders and shows quite interesting results as a good filter indicator and as independent signaler as well (check the screenshots). It is possible to search for a lot of interesting parameters for profitable trading, some of which are shown on the screenshots. There are next inputs in indicator settings: N-volatility period; Level
RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informativity. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. To make yourself sure check out the screens
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สุกิจฏิพันธ์
209
 

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Davit Beridze
7801
Reply from developer Davit Beridze 2024.07.27 14:42
you are welcome. thanks
danmar
1490
danmar 2024.07.25 15:13 
 

HI i already have some tools for candle patterns but i read the reviews and was interested. after a response of the seller i decide to give a chance and i am the one who is lucky because it is excellent and accurate especially on quick time frame where i trade. The seller answer quickly. very good even excellent tool which give the parameters to see arrow where we want. Well done. i have 2 tools of Davit and they are good and at a nice price. Thank you.

Davit Beridze
7801
Reply from developer Davit Beridze 2024.07.27 14:42
thanks
lauro1956
4842
lauro1956 2024.07.25 09:58 
 

Compilation of candles there are many indicators. But this one adds intelligence and effectiveness. A new way of dealing with the subject

Davit Beridze
7801
Reply from developer Davit Beridze 2024.07.27 14:41
thank you
Joerg Fiebiger
913
Joerg Fiebiger 2024.07.18 17:24 
 

User didn't leave any comment to the rating

Davit Beridze
7801
Reply from developer Davit Beridze 2024.07.27 14:41
you are welcome thanks
digitaltrading76
33
digitaltrading76 2024.07.11 14:23 
 

User didn't leave any comment to the rating

Davit Beridze
7801
Reply from developer Davit Beridze 2024.07.27 14:40
thanks
Reply to review
Version 1.10 2024.07.11
some patterns formation made easier