Pattern - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator searches for thirty popular candlestick patterns and displays them on the price chart.
The indicator can be configured to display individual patterns as well as groups: one-bar, two-bar and three-bar patterns. You can enable or disable the display of each found pattern on the screen along with a tooltip containing the chart period, pattern name and time.
This indicator has 38 adjustable parameters, 8 of which are as follows:
Figure 1 One-bar candlestick pattern
Figure 2 Two-column pattern
Figure 3 Three-column pattern
Attachment download
📎 patterns.mq5 (68.37 KB)
Source: MQL5 #19960
Pattern - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Pattern - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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