From TradersList Editors
From TradersList Editors
Enhance trading decisions by identifying and customizing 30 popular candlestick patterns directly on MetaTrader price charts.
Enhance trading decisions by identifying and customizing 30 popular candlestick patterns directly on MetaTrader price charts.
Patterns Indicator for MetaTrader: Auto-Detect 30 Candlestick Formations with Custom Parameters
Patterns Indicator for MetaTrader: Auto-Detect 30 Candlestick Formations with Custom Parameters

by scriptor on MetaTrader

by scriptor on MetaTrader
🤖
🤖
Patterns is a MetaTrader indicator that automatically identifies thirty popular candlestick patterns on price charts. With 38 adjustable settings, it allows customization of pattern displaying, tooltips and detection criteria.
Patterns is a MetaTrader indicator that automatically identifies thirty popular candlestick patterns on price charts. With 38 adjustable settings, it allows customization of pattern displaying, tooltips and detection criteria.

Get on MetaTrader
This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

Get on MetaTrader
This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
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Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
🥇
Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
Published by scriptor on MetaTrader
Published by scriptor on MetaTrader
Automated Candlestick Pattern Recognition
Scanning charts for candlestick patterns manually is time-consuming and subjective. This indicator automates the process by identifying thirty popular patterns - from simple formations like hammers and doji to complex multi-bar structures like three white soldiers and evening stars.
Thirty Patterns With Custom Settings
With 38 adjustable settings, traders control which patterns are displayed, how sensitive the detection criteria are and what visual formatting is used. You can disable patterns you do not trade and tighten criteria for the ones you do - creating a personalized scanner that matches your trading style.
Automated Candlestick Pattern Recognition
Scanning charts for candlestick patterns manually is time-consuming and subjective. This indicator automates the process by identifying thirty popular patterns - from simple formations like hammers and doji to complex multi-bar structures like three white soldiers and evening stars.
Thirty Patterns With Custom Settings
With 38 adjustable settings, traders control which patterns are displayed, how sensitive the detection criteria are and what visual formatting is used. You can disable patterns you do not trade and tighten criteria for the ones you do - creating a personalized scanner that matches your trading style.
Tooltips and Detection Criteria
Each detected pattern includes a tooltip explaining the formation and its traditional interpretation. Adjustable detection criteria let you refine whether a candle qualifies - for instance, requiring a hammer's wick to be at least twice the body size rather than the default threshold.
Pattern Context Matters
The indicator identifies patterns, but their reliability depends on context. A bullish engulfing at a major support level after a downtrend is a high-probability signal. The same pattern in the middle of a range is less meaningful. Combine the automated detection with your own structural analysis for best results.
Tooltips and Detection Criteria
Each detected pattern includes a tooltip explaining the formation and its traditional interpretation. Adjustable detection criteria let you refine whether a candle qualifies - for instance, requiring a hammer's wick to be at least twice the body size rather than the default threshold.
Pattern Context Matters
The indicator identifies patterns, but their reliability depends on context. A bullish engulfing at a major support level after a downtrend is a high-probability signal. The same pattern in the middle of a range is less meaningful. Combine the automated detection with your own structural analysis for best results.
Candlestick patterns automated
Candlestick patterns automated
Scanning charts for candlestick patterns manually is time-consuming and subjective. This indicator automates the process by identifying thirty popular patterns from simple formations like hammers to complex multi-bar structures.
Scanning charts for candlestick patterns manually is time-consuming and subjective. This indicator automates the process by identifying thirty popular patterns from simple formations like hammers to complex multi-bar structures.
Simplify Pattern Detection
With 38 adjustable settings, control which patterns display and how sensitive detection criteria are. Create a personalized scanner matching your trading style.
Flag Reversal and Continuation Signals
Each detected pattern includes a tooltip explaining the formation. Adjustable criteria let you refine what qualifies as a valid pattern.
Let the Tool Scan for Setups
Pattern reliability depends on context. A bullish engulfing at major support after a downtrend is high-probability. Combine detection with structural analysis.
Common Questions About Automated Candlestick Pattern Recognition
Common Questions About Automated Candlestick Pattern Recognition
Automated pattern detection scans charts for classic candlestick formations without manual effort. These questions address the reliability concerns and customization options traders encounter when using pattern recognition tools.
Automated pattern detection scans charts for classic candlestick formations without manual effort. These questions address the reliability concerns and customization options traders encounter when using pattern recognition tools.
How reliable are automated candlestick patterns compared to manual identification?
Automated detection is consistent and objective, catching every pattern that meets the criteria. Manual identification is subjective and prone to missed patterns. The indicator finds patterns reliably, but their reliability as trade signals still depends on context.
Should I trade every pattern the indicator detects?
No. A pattern's reliability depends heavily on where it forms. A bullish engulfing at major support after a downtrend is meaningful. The same pattern in the middle of a range is noise. Use the indicator as a scanner and apply your own structural filters.
Can I adjust how strict the pattern detection criteria are?
Yes. The 38 adjustable settings let you tighten or loosen detection thresholds. For example, you can require a hammer's wick to be at least twice the body size rather than the default. Stricter settings produce fewer but higher-quality signals.
🌐
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Web sentiment
Web sentiment
Opinions on Patterns vary; some users appreciate its advanced features, while concerns about fake reviews and certain platform aspects create a mix of praise and disappointment.
Opinions on Patterns vary; some users appreciate its advanced features, while concerns about fake reviews and certain platform aspects create a mix of praise and disappointment.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
✍️
✍️
TradersList Reviews (6)
TradersList Reviews (6)
TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.
TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.
⭐️
⭐️
⭐️
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Source: TradersList Reviews
Source: TradersList Reviews

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KI_signals is a MetaTrader indicator that generates signals using the XMACD histogram by detecting changes in histogram and signal line directions and their intersections, displayed as colored candlesticks.

🤖
by godzilla

Free
MetaTrader Indicator
TrendValue_HTF
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TrendValue_HTF is a free MetaTrader indicator that analyzes market trends based on the concept of Supertrend, with support for multi-timeframe calculations.
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TradersList
Discover trading edge
Join Telegram
Weekly listings
Join Telegram
Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer
TradersList
Discover trading edge
Join Telegram
Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer

