Japanese Candlestick Patterns Indicator


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About the Japanese Candlestick Patterns indicator

Japanese Candlestick Patterns indicator recognizes 17 different Candle Patterns and opens an alert, sends an email or a push-notification to your phone as soon as a candle patterns forms.

List of Candlestick Pattern for this indicator

  1. Bullish/Bearish Engulfing
  2. Three White Solders / Three Black Crows
  3. Shooting Star / Hammer
  4. Hanging Man / Inverted Hammer
  5. Piercing Line / Dark Cloud Cover
  6. Three Outside Up / Down
  7. Three Inside Up / Down
  8. Bullish Harimi / Bearish Harimi
  9. Morning Star / Evening Star
  10. White Marubozu / Black Marubozu
  11. Rising Three / Falling Three
  12. Doji / Dragonfly Doji / Gravestone Doji
  13. Tweezer Bottom / Tweezer Top
  14. Bullish Three-Line Strike / Bearish Three-Line Strike
  15. Bullish Spinning Top / Bearish Spinning Top
  16. Bullish Squeeze Alert / Bearish Squeeze Alert
  17. Inside Bar
  18. Outside Bar
  19. Fakey With Pin Bar
  20. Fakey Without Pin Bar

If you have any questions or suggestions regarding the Japanese Candlestick Patterns Indicator, please use this topic.


(This screenshot is from version 1.02)

About the free version

You can use the free Japanese Candlestick Patterns Indicator on any account type. The free version also sends notifications but shows only 4 different patterns.

iCustom function (for developers)

Since the Japanese Candlestick Patterns indicator uses only one buffer, you first have to parse it to get the correct signals. Download the template to see how it works.

  • Version

    MT4 demo v1.08
    MT4 full v1.08

  • Changelog

    Mar 21, 2017:

    Fixed: Piercing Line / Dark Cloud Cover pattern

    Dez 5, 2016:

    Added: Outside Bar
    Fixed: Inside bar
    Tweak: Made Morning Star and Evening Star more sensitive

    Nov 16, 2016:

    Added: Inside Bar
    Added: Fakey With Pin Bar
    Added: Fakey Without Pin Bar

    Oct 28, 2016:

    Fixed: Shooting Star / Hammer
    Fixed: Hanging Man / Inverted Hammer

    Sep 27, 2016:

    Added: Bullish Spinning Top / Bearish Spinning Top
    Added: Bullish Squeeze Alert / Bearish Squeeze Alert

    Sep 17, 2016:

    Tweak: Optimized to use with the iCustom function

    Sep 15, 2016:

    Added: Tweezer Bottom / Tweezer Top Pattern
    Added: Bullish Three-Line Strike / Bearish Three-Line Strike Pattern

    Sep 14, 2016:

    Added: ShowText and ShowRectangle variable
    Fixed: Hammer and Inverted Hammer pattern
    Tweak: Can now display more than one pattern per candle

    Aug 22, 2016:

    Initial release of the MT4 version

11 thoughts on “Japanese Candlestick Patterns Indicator

  1. Hi Yannick

    I downloaded the Demo Version, but found that certain candlesticks weren’t correct, like an inverted hammer should have been a shooting star and certain Engulfing candles was not identified.

    Is the Full version a more up to date version from the Demo?

    Please advice. Thank you 🙂

    1. When have you download the demo version? I have fixed this on October 28. Please the new version and try it again.

  2. Hi Yannick

    Is it possible to come up with a PDF showing how each of these Candle Patterns work?


    1. If I have time I will make a description of all patterns. But for now you have to google them.

  3. Yannick, after reading the above, I don’t get what is available in the paid version…
    …you only wrote about the free version…

    1. The full version does exactly the same as the free but it shows all patterns and not only 4 of them.

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