ReversalCandlestickPatterns

ReversalCandlestickPatterns

Reversal Candlestick Patterns Indicator — Free Version

This MT5 indicator identifies common bullish and bearish candlestick reversal patterns and displays them directly on the chart.
It can be used on any market and timeframe, providing traders with clear visual references for potential reversal points.

Main Features

• Automatic detection of well-known candlestick reversal patterns

• Works on all available MT5 timeframes

• Can be applied to Forex, Stocks, Commodities, Indices, and Cryptocurrency charts

• Patterns remain on the chart once detected

• Color-coded markers and pattern labels for clarity

Detected Patterns

• Hammer & Inverted Hammer

• Shooting Star

• Bullish Engulfing

• Bearish Engulfing

• Morning Star & Evening Star

• Doji variations

• Piercing Line & Dark Cloud Cover

• Other standard reversal patterns

Settings and Parameters

1. Timeframe — Select the chart timeframe for pattern scanning

2. Alert Mode — Enable or disable alerts (pop-up, push, email)

3. Pattern Sensitivity — Adjust the strictness of detection

4. Show Labels — Display or hide pattern names on chart

5. Arrow Size & Color — Customize visual markers

How to Use

1. Attach the indicator to the desired chart

2. Adjust settings if needed

3. Observe highlighted patterns as they appear

4. Combine with your preferred market analysis methods

For questions or feedback, please contact us via the MQL5 messages system.