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Candlestick Pattern Indicator — Trend Indicator

Candlestick Pattern Indicator

Trend Indicator

100% Free

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Runs on MetaTrader 5 on a computer · 64 KB

It automatically recognizes bullish candlestick patterns such as hammer, bullish engulfing and morning star, along with bearish ones such as hanging man, shooting star and bearish engulfing. The detected patterns add extra confirmation to your trades.

PlatformMetaTrader 5

PriceFree

Yakuzza test result

We ran this indicator in the MetaTrader 5 Strategy Tester on XAUUSD (M15) over September 2026. It loaded and ran without errors.

How to install

Open MetaTrader 5, then File -> Open Data Folder. Go into the MQL5 folder, then Experts for a robot or Indicators for an indicator, and drop the file there. Restart the platform and you will find it in the Navigator panel.

Library last updated: 2026-10-18

Questions about Candlestick Pattern Indicator

Is Candlestick Pattern Indicator free?

Yes. Candlestick Pattern Indicator is free to download on Yakuzza, with no subscription and no card. You only need a free account to download it.

Does Candlestick Pattern Indicator work on MT4?

No. The file in our library is built for MetaTrader 5 (.ex5), so it will not load in MetaTrader 4. MetaTrader 5 is free from your broker.

Which symbol and timeframe should I use?

The developer does not list fixed settings. We tested it on XAUUSD M15, so that is a safe place to start on a demo account.

Has Candlestick Pattern Indicator been tested?

Yes. We ran it in the MetaTrader 5 Strategy Tester on XAUUSD (M15) over September 2026 and it ran without errors.

Guides that help with this tool

How to install an indicator on MetaTrader 5 Moving averages and their limits Which timeframe suits you? All Trend indicators Compare them all in one table