Candle Patterns – indicator for MetaTrader 4

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • I am gratefull to the following on which the code is based on: Japanese Candlesticks by http://www.candlesticker.com (which lists the various patterns for bear/bull scenarios) and CandleCode by Victor Likhovidov, references to be found at http://www.forexschool.ru

    Setup:

    Place files into the following subdirectories: |
    Candle Patterns.mq4 into “\experts\indicators”,
    Candle Patterns.csv into “\experts\files”,
    Candle Patterns.rtd into “\experts\files”,
    Symbols_.csv into “\experts\files”,
    gSpeak.mqh into “\experts\include”,
    speak.dll into “\experts\libraries”,
    candle patterns.tpl into “\templates”.
    Close and then re-start MetaTrader for it to find the new files.
    Select “Indicators” -> “Custom” -> “Candle Patterns”.
    The “Custom Indicator” window is displayed, select “Common” and enable “Allow DLL imports”.

    Inputs:

    “Inputs” are described in file “Candle Patterns.rtd”, alternatively right click on the chart and select “candle patterns.tpl” from “Templates”.

    Get E-Book Worth $100 for Free!!!

    I spent my youth in Kinshasa and if my programs come in usefull in your trading please let us help the people of the Democratic Republic of the Congo by donating what you can to: http://www.redcross.ie/help/donate_now.php?appeal=107 or any charity.

    Take care, Teddy.

  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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