The Forex Candlestick Pattern Indicator ‘Patterns’ for MetaTrader 5 detects and displays on the price chart of a currency pair candlestick patterns composed of one, two, or three candles.
The ‘Patterns’ indicator offers 38 configurable parameters in its settings — enabling traders to selectively display only relevant candlestick formations, adjust pattern-matching sensitivity, and customize label size and color.
We recommend using the Forex Candlestick Pattern Indicator ‘Patterns’ on timeframes H4 and higher, as candlestick patterns appear too frequently and with low reliability on lower timeframes.
Download Forex Candlestick Pattern Indicator ‘Patterns’
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FAQ
What candlestick patterns does the ‘Patterns’ indicator detect?
It identifies over 30 single-, double-, and triple-candle formations including Doji, Engulfing, Hammer, Morning/Evening Star, and more.
Can I disable specific patterns in the indicator settings?
Yes — all 38 parameters allow granular control: enable/disable individual patterns, adjust detection sensitivity, and customize labels.
Why is H4 recommended as the minimum timeframe?
Lower timeframes generate excessive false signals; H4+ improves pattern reliability and reduces noise for meaningful trade setups.
