CandleSticks Patterns Indicator for MT5

In short: the Candlestick Patterns indicator for MetaTrader 5 scans live and historical candles for major reversal and continuation patterns, marks them with arrows and tooltips, and alerts you the moment a valid pattern appears.

When to use it

• Price action trading: stop scanning charts by eye for engulfings, hammers and stars.
• Confluence: combine patterns with support and resistance or trend tools.
• Multi-symbol monitoring: terminal, push and email alerts tell you when a pattern forms.

How it differs

Most pattern scanners only detect one or two patterns. This one covers Doji, Hammer, Inverted Hammer, Hanging Man, Shooting Star, Engulfing, Harami, Morning and Evening Star, Piercing Line, Dark Cloud Cover, Belt and Kicker patterns, with a Doji size filter and a tester panel.

Getting started

1. Set the lookback range to scan.
2. Choose which patterns to detect.
3. Adjust the Doji size filter to avoid weak dojis.
4. Turn on alerts and use the tester panel to compare settings.

Combine it with Support and Resistance Levels for location.

Frequently asked questions

Which patterns does it detect?

Doji, Hammer, Inverted Hammer, Hanging Man, Shooting Star, Bullish/Bearish Engulfing and Harami, Morning and Evening Star, Piercing Line, Dark Cloud Cover, Bullish Belt and Bullish/Bearish Kicker.

How does it alert me?

Through terminal alerts, push notifications and email.

Is there a free demo?

Yes. You can download a free demo from the MQL5 Market and run it in the MetaTrader 5 Strategy Tester before buying.

Full product description

CandleStick Patterns Indicator for MT5 — Professional Pattern Scanner

Bring proven candlestick analysis into your workflow. This indicator automatically scans your chart and highlights high-quality reversal and continuation patterns, so you can react faster and with more confidence.

Check the “More from author” section on the Market page to see our full suite of indicators.

What it does

• Scans historical and live candles from a user-defined lookback range.

• Detects and labels major single- and multi-candle patterns with on-chart arrows and tooltips.

• Sends alerts (terminal, push, email) the moment a valid pattern appears.

• Includes a lightweight tester panel for quick parameter optimization.

Detectable Patterns

• Doji (size filter)

• Hammer, Inverted Hammer, Hanging Man, Shooting Star

• Bullish/Bearish Engulfing

• Bullish/Bearish Harami

• Morning Star, Evening Star

• Piercing Line, Dark Cloud Cover

• Bullish Belt, Bullish Kicker, Bearish Kicker

Inputs & Settings

General

1. Candles to Consider (Lookback) – number of bars to scan.

2. Doji Size – max body-to-range ratio to qualify as doji.

Pattern Toggles
3. Show Doji
4. Show Evening Star
5. Show Morning Star
6. Show Hammer
7. Show Shooting Star
8. Show Inverted Hammer
9. Show Bearish Harami
10. Show Bullish Harami
11. Show Bearish Engulfing
12. Show Bullish Engulfing
13. Show Piercing Line
14. Show Bullish Belt
15. Show Bullish Kicker
16. Show Bearish Kicker
17. Show Hanging Man
18. Show Dark Cloud Cover

Alerts & Tester

• Enable Alerts (on-screen / sound / push / email)

• Alert Once per Bar / per Pattern

• Tester Parameters (date range, visual labels, report filters)

How it works

The indicator iterates through the last N candles (your lookback) and applies robust, textbook criteria for each enabled pattern. When a match is found, it draws an arrow at the signal bar and optionally prints a short label (pattern name). Alerts can be triggered immediately or on bar close, depending on MT5 settings.

Benefits

• Clarity at a glance – auto-labels patterns you would otherwise scan manually.

• Fewer missed setups – push/email alerts for your favorite patterns.

• Customizable strictness – fine-tune doji size and enable only the patterns you trust.

• Strategy-agnostic – use it for confirmations with trend, S/R, SMC, or volume tools.

• Timeframe & symbol agnostic – works on FX, indices, commodities, crypto, and stocks in MT5.

Best Practices

• Combine with trend filters (MA slope, structure, higher-TF bias) to improve selectivity.

• Use S/R or supply–demand zones to prioritize higher-probability signals.

• Prefer signals that align with session volatility and market context.

• In Strategy Tester, adjust lookback and alert rules to match your trading style.

Compatibility

• Platform: MetaTrader 5 (MT5)

• Markets: Forex, indices, commodities, crypto, stocks (any symbol your broker provides)

• Trading styles: position trading – swing trading – day trading – scalping

• Timeframes: All

Notes

This tool is for educational and analytical purposes. It does not guarantee profits. Always validate signals with your own risk management.