Basic Candlestick Patterns

Basic Candlestick Patterns

Our Basic Candlestick Patterns indicator makes identifying major candlestick patterns easier than ever. Discover patterns such as the Hammer, the Evening Star, the Three White Soldiers and many more with just a glance at your chart. With an intuitive interface and clear visual cues, our indicator helps you identify trading opportunities quickly and accurately / MT5 version

Dashboard Scanner for this indicator: (Basic Candlestick Patterns Dashboard)

Features

  • Accuracy: Automatically identifies major candlestick patterns, eliminating the need for manual search.
  • Customization: Adjust the parameters according to your trading preferences to suit your trading style.

Harmonic Patterns Included

  • Bullish patterns
  1. Hammer
  2. Inverse hammer
  3. Bullish engulfing
  4. Morning star
  5. 3 White soldiers
  • Bearish patterns
  1. Hanging man
  2. Shooting star
  3. Bearish engulfing
  4. Evening star
  5. 3 Black crows

 

Main Inputs

  • Show only confirmed patterns: this option allows to show only the patterns that have actually been confirmed by the candles, it is recommended to leave it as default.
  • Max bars: number of bars to look back for the calculation of the indicator.
  • Pop-up alert: alert to the MT5 terminal
  • Email alert: email alert
  • Push notification alert: alert to phone

*The other inputs have to do with the customization of colors and transparencies*

How to use it

You can activate or deactivate the desired patterns via the chart panel (see video below).

 

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