Candlestick Pattern.mq4

Candlestick Pattern Indicator for MT4 is a powerful tool designed to detect classic candlestick formations directly on your MetaTrader 4 charts. Developed in the native MQ4 script format, this indicator helps traders spot key reversal and continuation signals using price action.

It recognizes patterns such as Engulfing, Doji, Hammer, Shooting Star, Morning/Evening Star, and more, and highlights them visually with clear on-chart labels, giving traders a valuable edge in making timely decisions.

Features

• Platform – MetaTrader 4 (MT4)
• Indicator Type – Candlestick Pattern Recognition
• File Type – .mq4 (Source Code File)
• Pattern Detection – Doji, Engulfing, Hammer, Shooting Star, and others
• Alerts – Optional visual, sound, and email notifications
• Customizable – Modify source code for tailored strategies
• Timeframes – M1 to D1 supported
• Pairs – Works with all currency pairs, indices, and metals
• Installation – Place in ‘Indicators’ folder and compile in MetaEditor

Sources and Credits

• MetaTrader 4 Official
• MQL5 Code Base
• Investopedia – Candlestick Patterns

Note: This indicator is for analysis only. It does not place trades. Includes the open-source .mq4 file, which can be customized or recompiled in MetaEditor for advanced use cases.