MQLTA-MT5-Pattern-Detector

Overview of the MQLTA MT5 Pattern Detector

MQLTA MT5 Pattern Detector is an MT5 chart indicator that marks selected candlestick formations directly on the chart. Detection choices, candles to scan, labels, colors, and object settings control the displayed annotations.

The labels make named candle formations easier to locate and compare with surrounding price behavior. A pattern label is a chart observation and does not establish what happens next.

How to Use It in Practice

MQLTA MT5 Pattern Detector prints a candle-pattern name and arrow on the chart. Its labels classify bullish patterns in green, bearish patterns in red, and neutral patterns in black; detected formations include Doji, Hammer, Engulfing, Tweezer, Three Soldiers/Crows, and Morning/Evening Star.

• Read each label’s green, red, or black classification together with the candle shape printed beneath it.
• Enable or disable the individual pattern settings to control which named formations are placed on the chart.
• Set Detect Uncertain Petterns to false if frequent neutral-pattern labels make the chart too crowded.

Named candlestick formations are marked automatically, color settings support quick scanning, and scan controls manage chart density.

MT5 Indicator Parameters

Parameter	Description
Indicator Name (used to draw objects)	Defines the label name used internally to draw objects on the chart.
Candles to scan	Sets how many candles will be checked for pattern detection.
Detect Bullish Patterns	Enables or disables detection of bullish candlestick patterns.
Detect Bearish Patterns	Enables or disables detection of bearish candlestick patterns.
Detect Uncertain Patterns	Enables or disables detection of patterns indicating market indecision.
Doji	Detects a standard Doji pattern.
Doji Dragonfly	Detects a Dragonfly Doji pattern.
Doji Gravestone	Detects a Gravestone Doji pattern.
Spinning Top Bullish	Detects a bullish Spinning Top pattern.
Spinning Top Bearish	Detects a bearish Spinning Top pattern.
Marubozu Bullish	Detects a bullish Marubozu pattern.
Marubozu Bearish	Detects a bearish Marubozu pattern.
Hammer	Detects a Hammer candlestick pattern.
Hanging Man	Detects a Hanging Man candlestick pattern.
Inverted Hammer	Detects an Inverted Hammer pattern.
Shooting Star	Detects a Shooting Star candlestick pattern.
Engulfing Bull	Detects a bullish Engulfing pattern.
Engulfing Bear	Detects a bearish Engulfing pattern.
Tweezer Top	Detects a Tweezer Top reversal pattern.
Tweezer Bottom	Detects a Tweezer Bottom reversal pattern.
Three White Soldier	Detects a Three White Soldiers bullish pattern.
Three Black Crows	Detects a Three Black Crows bearish pattern.
Three Inside Up	Detects a Three Inside Up bullish reversal pattern.
Three Inside Down	Detects a Three Inside Down bearish reversal pattern.