It can be a big pain when you are trying to find CandleStick Patterns like Herami, Shooting Star, Doji, … but with Candlestick Patterns Indicator for MT4 you wont miss any Patterns anymore!
One of the main things is to not miss the main CandleStick Patterns out there or you might miss a chance to enter or exit a trade. So in order to help you not to miss any of the Patterns there is this great Candlestick Patterns Indicator for MT4 which will do just that. It will alert you when Specific Patterns appear.
Please note that best way to use this CandleStick Patterns Indicator is on 4 hour or daily timeframe. Remember that Higher the timeframe better the results and matches.
CandleStick Patterns Indicator can detect following Patterns:
Strong Reversal Patterns:
- Shooting star
- Invert hammer
- bear doji
- bull doji
Weak Reversal Patterns:
- Tweezer Tops
- Tweezer Bottoms
- Belt hold line
- Upside gap two crows
- Three crows
- Advance block
- Three Line Sticke
- In On Neck Trusting
- Mat Hold Pattern
- Separating lines
- Tasuki gaps
- Side Side White
- Three Methods
- Upside Gap Three Methods
- Downside Gap Three Methods
- Gravestone doji
- Longleg doji
- Uuique 3 river bottom
- High price gap play
- Low price gap play
- Three white soldiers
- Stalled Pattern
- Doji Engulfing
- invertHammer confirmed
This are the available settings for Candlestick Patterns Indicator:
- ShowStrongReversalPatterns: show or hide Patterns matching Strong Reversal Patterns
- ShowWeakReversalPatterns: show or hide Patterns matching Weak Reversal Patterns
- ShowContinuationPatterns: show or hide Patterns matching Continuation Patterns
- ShowUnclassified: show or hide Unclassified Patterns
- ViewBars: select number of bars you want to check back on the Chart
- SoundAlert: If Pattern is found alert with a sound?
- EmailAlert: If Pattern is found alert with email?
- SellColor: When SELL pattern is found show arrow in what color?
- BuyCollor: When BUY pattern is found show arrow in what color?
- TextCollor: Text color of the Pattern that is found
How to install Candlestick Patterns Indicator in MetaTrader 4 / MT4:
- Download/Copy/Save the MQ4/EX4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder (or change the folder to your installation sometimes forex broker name)
- Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
- On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Custom Indicators” section
- Locate the indicator which you have just downloaded into the folder stated in Step 1
- Drag (Click and drag) the indicator onto the chart
- Choose your settings and click OK.
- TADA and your done!