Forex Pattern Recognition Indicator
Forex Pattern Recognition Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around candlestick patterns. It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 13 settings, for example Show Alert (default true), Display Bearish Engulfing (default true) and Display Three Outside Down (default true). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Pattern Recognition Indicator
Forex Pattern Recognition Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 13 settings, such as Show alert, Display bearish engulfing and Display three outside down. MQL source code included.
Files in the download: installation manual.txt, Pattern_Recognition.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show alert | true | Turn this alert on or off |
| Display bearish engulfing | true | |
| Display three outside down | true | |
| Display three inside down | true | |
| Display dark cloud cover | true | |
| Display three black crows | true | |
| Display bullish engulfing | true | |
| Display three outside up | true | |
| Display three inside up | true | |
| Display piercing line | true | |
| Display three white soldiers | true | |
| Display stars | true | |
| Display harami | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · Candlestick Patterns · MT4 Indicator · MQL4 Source Code