Address & Contact

Web

this index finds candlestick patterns on the graph based on the book by Gregory L. Morris “Japanese Candlesticks. Method of analysis of futures and stocks”.

after a pattern is discovered, the index displays a message when the bar closes.

in the event that you trade using the MetaTrader 4 terminal, you can download the full analog of the “Candle Pattern Finder for MT4″ indicator

in the event that you trade using the MetaTrader 4 terminal, you can download the full analog of the “Candle Pattern Finder for MT4″ indicator

List of recognized patterns: Bullish / Bearish (possible parameter configurations in parentheses):

* – «Without confirmation“: the signal occurs immediately upon the close of the bar that forms the candlestick pattern. «With confirmation” – the indicator is waiting for the next confirmation bar to close

** – «Low sensitivity” – the model is recognized in strict accordance with the description in the book by G. Morris. «High sensitivity” – additional criteria are used that take into account the variety of possible models in the Forex market that are not available in the stock market. This made it possible to increase the number of true signals without increasing the number of false ones

Read More...

If you want to scan candle patterns for all instruments and timeframes at the same time, then pay attention to the “Candle Pattern Dashboard for MT5“indicator

If you want to scan candle patterns for all instruments and timeframes at the same time, then pay attention to the “Candle Pattern Dashboard for MT5“indicator

Parameters of candle models

  • Hammer and Shooting Star (Disable / Single bar (without confirm) / Bar with confirm) – “Hammer” and ” Shooting Star»
  • Inverted Hammer and Hanging Man (Disable / Single bar (without confirm) / Bar with confirm) – “Inverted Hammer” and ” the Hanged man»
  • Outside Bar (Disable / Enable) – ” External Bar»
  • Engulfing pattern (Disable / High sensitivity / Low sensitivity) – ” Absorption»
  • Cloud pattern (Dark/Piercing Cloud) (Disable / High sensitivity / Low sensitivity) – “Lumen in the clouds” and ” Dark clouds»
  • Three White Soldiers/Identical Crows (Disable / High sensitivity / Low sensitivity) – “Three White Soldiers” and ” Three Identical crows»
  • Morning Star and Evening Star (Disable / Enable) – “Morning Star” and ” Evening star»
  • Rising/Falling Three Methods (Disable / Enable) – “Method of three rising” and ” Method of three falling»
  • Meeting Lines pattern (Disable / Enable) – “Meeting candles»
  • Harami pattern-Harami model(Disabled / Harami shadows are protruding behind the shadows of the preid.candles / Harami shadows can’T stand out for the shadows of the preid.candles)
  • Doji patterns (Disable / Single Doji candle (without confirm) / Doji candle with confirm (is Morning/Evening Doji Star) ) – Dodge model (Off / candle-dodge without confirmation / dodge with confirmation isEvening/Morning Doji Star)
  • Thrusting Line (Disable / Enable) – model of Thrusting line (“Push”)

Other settings

  • Show Pattern Description – description of models
  • Write signals to a log-file-allow the signal to be written to a file
  • Name of the log file is the file name

You can try the demo version of the indicator here

You can try the demo version of the indicator here

Our Useful Features & Services

Published

22 July 2015

Updated

29 December 2020

Current Version

4.7

Reviews

Leave a Review

Price
Profit
Drawndown
Support
Safety
Publishing ...
Your rating has been successfully sent
Please fill out all fields
Captcha check failed
Marcus3 January 12, 2021 6:15 pm
Price
Location
Staff
Services
Food

This index is VERY good. I mean . 65% win rate with 15k signals analyzed in a time span of approximately 30 decades. Yes, it is this good. There are other much more costly indicators out there (~200 USD,~300 USD) having an inferior win rate of 60%. Just buy this. Lol.

YerVic January 12, 2021 6:14 pm
Price
Location
Staff
Services
Food

Hello, thank you a lot for this useful and convenient index. Only I didn’t know how to give him my e-mail or phone number to receive messages from the mail or in the form of messages on your telephone.

There are 4 next ratings View Next Ratings