The indicator recognizes the candlestick patterns in the market trend, timely warning of future price movements. In addition, the models serve as support/resistance levels and signal overbought/oversold levels.

The product is recommended to be used in conjunction with other technical indicators.

The indicator recognizes 17 candle patterns:

• HM-Hammer (hammer)
• HG-Hung (hanged)
• IHM-Inverted Hammer (Inverted Hammer)
• IHG – Inverted Hanged (hanging upside down)
• DJ-Doji (doji)
• BE – Bearish Engulfing (bearish engulfing)
• MA-Marubozu (Marubozu)
• TOD – Three Outside Down (Three Outside days Down)
• TOU – Three Outside Up (Three outside days up)
• BH – Bullish Harami (bullish harami)
• TID – Three Inside Down)
• TIU – Three Inside Up (three days from the inside up)
• MS – Morning Star (morning star)
• AB – Abandoned Baby (an abandoned child)
• ES-Evening Star (Evening Star)
• DC-Dark Cloud Cover)
• PL-Piercing Line)

The indicator works on all symbols and timeframes.

The platform is MetaTrader 4.

• The default value is 50 periods for depth: Depth=12;
• Indicator offset: Deviation=5;
• Indicator Completion: Backstep=3;

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Candle input parameters:

• ma_trend=100; the default value is 100;
• env_period=50; default value is 50 periods;
• dev=0.25; indicator offset;
• Doji:
• Display model: Display_Doji=true;
• Color for purchase: Color_DojiR = Lime; for sale: Color_DojiS = Red;
• Hammer:
• Display model: Display_Hammer=true;
• Color: Color_Hammer = Lime;
• The hanged man:
• Display model: Display_Hanged=true;
• Color: Color_Hanged = Red;
• Inverted Hammer:
• Display model: Display_In_Hammer=true;
• Color: Color_In_Hammer = Lime;
• The hanged man is upside down:
• Display model: Display_In_Hanged=true;
• Color: Color_In_Hanged = Red;
• Bearish takeover:
• Display model: Display_B_Engulfing=true;
• Color for purchase: Color_BE_S = Lime; for sale: Color_BE_R = Red;
• Marubozu:
• Display model: Display_Marubozu=true;
• Color to buy: Color_Marubozu_S = Lime; for sale: Color_Marubozu_R = Red;
• Three external days up:
• Display model: Display_TOU=true;
• Buy color: Color_TOU_S = Lime; Sell color: Color_TOU_R = Red;
• Three outside day down:
• Display model: Display_TOD=true;
• Buy color: Color_TOD_S = Lime; Sell color: Color_TOD_R = Red;
• Bullish harami:
• Display model: Display_BH=true;
• Buy color: Color_BH_R = Lime; Sell color: Color_BH_S = Red;
• Three days from the inside down:
• Display Model: Display_TID=true;
• The color on the purchase Color_TID_S = Lime; for sale: Color_TID_R = Red;
• Three days from the inside up:
• Display model: Display_TIU=true;
• The color on the purchase: Color_TIU_S = Lime; for sale: Color_TIU_R = Red;
• The morning star:
• Display model: Display_MS=true;
• Colour: Color_MS_S=Lime;
• An abandoned child:
• Display model: Display_AB=true;
• Color: Color_AB_S=Lime;
• Evening Star:
• Display model: Display_ES=true;
• Color: Color_ES_R=Red;
• A curtain of dark clouds:
• Display model: Display_DC=true;
• Colour: Color_DC_R=Red;
• Penetrating line:
• Display model: Display_PL=true;
• Color for purchase: Color_PL_R=Red; for sale: Color_PL_S=Lime;

• Display model: Display_Doji=true;
• Color for purchase: Color_DojiR = Lime; for sale: Color_DojiS = Red;

• Display model: Display_Hammer=true;
• Color: Color_Hammer = Lime;

• Display model: Display_Hanged=true;
• Color: Color_Hanged = Red;

• Display model: Display_In_Hammer=true;
• Color: Color_In_Hammer = Lime;

• Display model: Display_In_Hanged=true;
• Color: Color_In_Hanged = Red;

• Display model: Display_B_Engulfing=true;
• Color for purchase: Color_BE_S = Lime; for sale: Color_BE_R = Red;

• Display model: Display_Marubozu=true;
• Color to buy: Color_Marubozu_S = Lime; for sale: Color_Marubozu_R = Red;

• Display model: Display_TOU=true;
• Buy color: Color_TOU_S = Lime; Sell color: Color_TOU_R = Red;

• Display model: Display_TOD=true;
• Buy color: Color_TOD_S = Lime; Sell color: Color_TOD_R = Red;

• Display model: Display_BH=true;
• Buy color: Color_BH_R = Lime; Sell color: Color_BH_S = Red;

• Display Model: Display_TID=true;
• The color on the purchase Color_TID_S = Lime; for sale: Color_TID_R = Red;

• Display model: Display_TIU=true;
• The color on the purchase: Color_TIU_S = Lime; for sale: Color_TIU_R = Red;

• Display model: Display_MS=true;
• Colour: Color_MS_S=Lime;

• Display model: Display_AB=true;
• Color: Color_AB_S=Lime;

• Display model: Display_ES=true;
• Color: Color_ES_R=Red;

• Display model: Display_DC=true;
• Colour: Color_DC_R=Red;

• Display model: Display_PL=true;
• Color for purchase: Color_PL_R=Red; for sale: Color_PL_S=Lime;

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