Doji Candle Detection MT4
Free Doji candlestick detector | Histogram + alerts | All timeframes | MT4
About Doji Candle Detection MT4
The Doji Candle Detection indicator for MetaTrader 4 is a free MQL5 Code Base indicator by developer CITinvesting, published in 2015. It detects Doji candlesticks on any chart and timeframe, displaying them as a histogram below the price chart with configurable alert settings. A Doji candle forms when the open and close prices are nearly equal, indicating market indecision — a key signal watched by price action traders as a potential reversal or continuation setup depending on context. The indicator supports both on-screen alerts and email notifications so traders never miss a Doji formation.
- Platform: MetaTrader 4
- Price: Free (MQL5 Code Base)
- Developer: CITinvesting
- Published: 2015-04-22
- Detection: All types of Doji candles — standard, long-legged, gravestone, dragonfly
- Output: Histogram + MT4 alerts + email notifications
- Timeframes: All timeframes (M1 through MN)
- Source: mql5.com/en/code/12757
Key Features
✓ Completely free — open source, MQL5 Code Base
✓ Histogram display — easy to spot Doji formations at a glance
✓ Alert + email notifications — never miss a Doji candle setup
✓ Works on all timeframes and all currency pairs
⚠ This is an indicator — Doji signals require context (support/resistance, trend direction) for valid entries
⚠ Not all Doji candles signal reversals — always confirm with price action context