Forex Forum > Strategies Zone > Indicators >

Candlestick Pattern Recognition Indicator for Metatrader 4

Forum

Like Tree6Likes

 
LinkBack Thread Tools Search this Thread Display Modes

Candlestick Pattern Recognition Indicator for Metatrader 4
  #1 (permalink)  
Old 09-10-2009, 06:36 AM
bossxero's Avatar
Honorary Moderator
 
Join Date: Nov 2006
Location: Neverland
Posts: 851
bossxero has a spectacular aura aboutbossxero has a spectacular aura aboutbossxero has a spectacular aura about
Send a message via ICQ to bossxero Send a message via MSN to bossxero Send a message via Yahoo to bossxero Send a message via Skype™ to bossxero
Hi All,

For everyone who like to use candlestick analysis for their trading, this little indicator show itself to be very handy little tool in your indicator collection. It automatically scans the charts, no matter on which timeframe you put it on and it will show you exactly where there are specific candlestick pattern formations such as the Shooting Star, Evening Star, Evening Doji Star, Dark Cloud Pattern, Bearish Engulfing Pattern etc... The indicator is very easy to interpret by the user, it shows some abbreviated letters above or below the pattern and you can interpret these abbreviation through a legend which is found on the top left corner of your chart.


The settings of the indicator is pretty straight-forward. It allows you to turn alert On(true) or Off(false). When Alert is set to TRUE, each time the indicator finds a new pattern, it will sound an alarm. As with any indicator, you cannot use these signals for themselves alone, you can add it with other indicators, for example trend indicators and mixed together, you can come up with a good trading system.

Candlesticks are pretty accurate though and if you develop yourself into this, it might prove to be a worthwhile investment.
Attached Files
File Type: mq4 Pattern_Recognition_Master_v3.mq4 (26.9 KB, 8653 views)
Quote
  #2 (permalink)  
Old 09-14-2009, 04:41 PM
Currency Trader
 
Join Date: Sep 2009
Posts: 2
garfeel is on a distinguished road
Quote:
Originally Posted by bossxero View Post
Hi All,

For everyone who like to use candlestick analysis for their trading, this little indicator show itself to be very handy little tool in your indicator collection. It automatically scans the charts, no matter on which timeframe you put it on and it will show you exactly where there are specific candlestick pattern formations such as the Shooting Star, Evening Star, Evening Doji Star, Dark Cloud Pattern, Bearish Engulfing Pattern etc... The indicator is very easy to interpret by the user, it shows some abbreviated letters above or below the pattern and you can interpret these abbreviation through a legend which is found on the top left corner of your chart.


The settings of the indicator is pretty straight-forward. It allows you to turn alert On(true) or Off(false). When Alert is set to TRUE, each time the indicator finds a new pattern, it will sound an alarm. As with any indicator, you cannot use these signals for themselves alone, you can add it with other indicators, for example trend indicators and mixed together, you can come up with a good trading system.

Candlesticks are pretty accurate though and if you develop yourself into this, it might prove to be a worthwhile investment.
Quote
  #3 (permalink)  
Old 09-15-2009, 05:27 PM
Currency Trader
 
Join Date: Sep 2009
Posts: 1
nagaraj_030 is on a distinguished road
any mcx mt4 platforms
Quote
  #4 (permalink)  
Old 09-15-2009, 05:42 PM
bossxero's Avatar
Honorary Moderator
 
Join Date: Nov 2006
Location: Neverland
Posts: 851
bossxero has a spectacular aura aboutbossxero has a spectacular aura aboutbossxero has a spectacular aura about
Send a message via ICQ to bossxero Send a message via MSN to bossxero Send a message via Yahoo to bossxero Send a message via Skype™ to bossxero
Quote:
Originally Posted by nagaraj_030 View Post
any mcx mt4 platforms
What do you mean? Pretty sure no one can understand what you just said
Quote
  #5 (permalink)  
Old 09-17-2009, 05:12 PM
Currency Trader
 
Join Date: Sep 2009
Posts: 1
xharrie is on a distinguished road
Many thank bro .. it's useful.
Quote
  #6 (permalink)  
Old 09-20-2009, 11:33 AM
Currency Trader
 
Join Date: Sep 2009
Posts: 3
tunjibiyi is on a distinguished road
anyone with elliotwave counting indicator? i need it
Quote
  #7 (permalink)  
Old 11-10-2009, 05:21 AM
Currency Trader
 
Join Date: Oct 2008
Posts: 1
tkaboris is on a distinguished road
Can somebody add email alert function that sends email only once? Once when pattern appreared?
Quote
  #8 (permalink)  
Old 11-16-2009, 05:50 PM
Currency Trader
 
Join Date: Nov 2009
Posts: 2
dlsmooth80 is on a distinguished road
pretty sweet
Quote
Thanks
  #9 (permalink)  
Old 12-02-2009, 09:07 PM
Currency Trader
 
Join Date: Nov 2008
Posts: 4
wealthcreation is on a distinguished road
This is a great indicator. it really help.
Quote
thannx
  #10 (permalink)  
Old 12-20-2009, 10:13 PM
Currency Trader
 
Join Date: Feb 2007
Posts: 3
dashlat is on a distinguished road
thanx man its helping me alot
Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Continuation pattern indicator max69 Indicators 7 01-01-2014 06:51 AM
1234 Reversal Pattern Indicator $trader Indicator Coding 12 12-20-2013 11:27 PM
Help with Metatrader custom indicator FXH Indicator Coding 2 06-17-2009 12:54 PM
Candlestick Trading Max99 Trading Systems 12 12-18-2008 04:56 AM