Basic Candlestick Patterns Indicator
Automatic candlestick pattern recognition · Free · MQL5 Market · MT4
About Basic Candlestick Patterns Indicator
The Basic Candlestick Patterns indicator, listed on the MQL5 Market, is a MetaTrader 4 tool that makes identifying major candlestick formations — such as the Hammer and other classic reversal/continuation patterns — straightforward and automatic, marking them directly on the chart as they form.
- Platform: MetaTrader 4
- Type: Candlestick pattern recognition indicator
- Patterns detected: Hammer and other core reversal/continuation formations
- Price: Free
- Source: mql5.com · Basic Candlestick Patterns
Key Features
✓ Free, official MQL5 Market listing
✓ Automatically marks patterns — no manual chart-scanning needed
⚠ A pattern-recognition tool, not a full trading system — confirm with trend/context before acting on any single pattern