EA Builders / MQL / VTS Plug-Ins

Candlestick Pattern Plug-in for Expert Advisor Builder

Candlestick Libary Plug-in for

MT4 Expert Advisor Builder

Programatically Identify Over 50 Powerful Candlestick Patterns

 

Candlestick patterns provide powerful price-driven, non-lagging, information about the current market.

Most patterns are pretty easy to spot with a trained eye, but Why not use your computer to find them for you?

The VTS Candlestick Library Plug-in can identify over 50 of the most powerful and useful candlestick patterns.

As you may know, my Expert Advisor Builder (Visual Traders Studio) is a free-range, drag and drop EA builder. VTS generates MQL code from the drawings that you create.

Using the Candlestick Plug-in, you can drag and drop any of the 54 candlestick patterns onto the drawing pad and include them in the logic of your EA.

Candlestick Library
Use Your Expert Advisor to Identify Candlestick Patterns

Suppose you want your EA to check for a Three White Soldiers pattern before you open a buy trade.You simply drag, drop and connect a Three White Soldiers element and then use it in your open-trade logic.Don’t want to open a trade? No problem. You can just as easily sound an alert, or send an email when the pattern is recognized. This is done with a few mouse clicks in VTS.

The VTS Candlestick Library Offers Benefits You Won’t Find Anywhere Else

Made For Forex
These patterns have been created especially for the Forex market. Because Forex is a 24×6 market, gaps between candles are rare.  (A market gaps when the close price of the previous candle is not the same as the open price of the current candle).

Originally, candlestick patterns were created using daily timeframes for markets with a definitive close and open time – and there were frequent gaps between the open and close price. The patterns in this library use significant changes in price movement instead of gaps for most patterns that rely on close/open gaps.

White-Box Code: 100% Visibility of the Logic
The inner-workings of each pattern is fully visible.

Actually, the logic of each candle is a drawing that you can view, copy or edit. It’s the same kind of drawing that you create for your own systems.

I purposely created each candlestick pattern as a simple drawing so that you can view and learn from it.  You can view all of the logic.  You can even copy and modify any of the patterns.

Any Timeframe, Any Symbol
You can identify a pattern for any Symbol and Timeframe regardless of the chart that your EA is running on.

This means you can create an EA that runs and opens trades on a EURUSD 30-minute chart, but “looks” at candle patterns on a GBPUSD 5-minute chart.

When you drag, drop and connect a candlestick pattern onto your drawing, you set the symbol and timeframe to any values supported by your MetaTrader broker.

Customizable Parameters
Some Candlestick patterns use the phrases small and large in their description.

For example, the pattern Engulfing Bullish Line is described as “a small black candle that is contained within a large white candle”.

Small and large are relative terms, so I use the MT Platform function iATR (average true ratio) indicator to define small and large.

The ATR has worked good for me, but you can easily use your own definitions of small and large. When you drag, drop and connect a candlestick pattern onto your drawing, you define the small and large values usingany of the indicators, price values, or other information available from the MetaTrader platform.

This is a list of the 54 candle patterns in the Candlestick Library

Bearish 3 method formation 
Bearish harami
Bearish harami cross
Big black candle
Big white candle
Black body
Bullish 3 method formation
Bullish Harami
Bullish Harami Cross
Dark cloud cover
Doji
Doji star
Dragon fly doji
Engulfing bearish line
Engulfing bullish line
Evening doji star
Evening star
Falling window
Gravestone doji 
Hammer Bear 
Hammer Bear Flat 
Hammer Bull 
Hammer Bull Flat 
Hanging Man Bear 
Hanging Man Bear Flat 
Hanging Man Bull 
Hanging Man Bull Flat 
Inverted black hammer 
Inverted hammer 
Long legged doji 
Long lower shadow 
Long upper shadow 
Marubozu Bear 
Marubozu Bull 
Morning doji star 
Morning star
On neckline 
Piercing line 
Rising window 
Shaven bottom Bear 
Shaven bottom Bull 
Shaven head Bear 
Shaven head Bull 
Shooting star Bear 
Shooting star Bear Flat 
Shooting star Bull 
Shooting star Bull Flat 
Spinning top Bear 
Spinning top Bull 
Three Black Crows 
Three white soldiers 
Tweezer bottoms 
Tweezer tops 
WWhite body candle

Want more details?   Click here to see to the full documentation

Like All of my products, the Candlestick Library Plug-in comes with Two Promises

 

Free Lifetime Updates:  I’m always on the look-out for new candlestick patterns. When I add new patterns to the library, you’ll receive them free of charge. Life Time Guarantee
iExpertAdvisor 30-day Money back I personally create all of my own software products and I stand behind them. I offer a 30-day, no-questions-asked money back guarantee on every product.


Only $79.00 USD

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