Candles Price Action

The Candles Price Action Indicator is a popular and free Forex tool for MT4 that helps traders analyze market trends using candlestick patterns. By highlighting key price action signals such as engulfing patterns, dojis, and pin bars, this indicator allows traders to make informed decisions and optimize their trading strategies.

Key Features:

🔹 Identifies candlestick patterns to signal potential market reversals or continuations.
🔹 Displays signals directly on the chart for easy visualization.
🔹 Customizable settings to match individual trading styles and preferences.
🔹 Compatible with all MT4 timeframes and currency pairs.

Benefits for Traders:

✅ Enhanced Market Analysis: Quickly spot high-probability trading opportunities using candlestick patterns.
✅ Improved Timing: Identify optimal entry and exit points based on price action signals.
✅ User-Friendly: Easy to install and interpret, suitable for traders of all experience levels.

By incorporating the Candles Price Action Indicator into your MT4 trading setup, you can gain deeper insights into market movements and increase your chances of executing profitable trades.

Input Settings & Controls

DBHLC / DBLHC Patterns

pDBHLC_Show → Toggle to display Double Bar High Lower Close (bearish) pattern.
pDBHLC_Max_Delta → Maximum allowed difference between bars for DBHLC pattern.
pDBHLC_Color → Color used to highlight DBHLC pattern.
pDBHLC_Width → Line width or marker size for DBHLC pattern.
pDBLHC_Show → Toggle to display Double Bar Low Higher Close (bullish) pattern.
pDBLHC_Max_Delta → Maximum allowed difference between bars for DBLHC pattern.

PIN Bar Patterns

pPINUP_Show → Toggle to display Pin-Up (bullish pin bar) patterns.
pPINUP_Min_Delta → Minimum body-to-tail difference required for Pin-Up detection.
pPINUP_Top_Precent → Percentage of candle position for the upper shadow validation.
pPINUP_Color → Color used to highlight Pin-Up pattern.
pPINUP_Width → Line width or marker size for Pin-Up pattern.
pPINDN_Show → Toggle to display Pin-Down (bearish pin bar) patterns.
pPINDN_Min_Delta → Minimum body-to-tail difference required for Pin-Down detection.
pPINDN_Top_Precent → Percentage of candle position for the lower shadow validation.

IBS4 / Inside Bar Patterns

plBS4_Show → Toggle to display IBS4 pattern.
plBS4_Min_Delta → Minimum difference required for IBS4 detection.
pIBS4_Color → Color used to highlight IBS4 pattern.
plBS4_Width → Line width or marker size for IBS4.

Other Candle Patterns

plB_Show → Toggle to display Inside Bar (IB) pattern.
plB_Min_Delta → Minimum required difference for IB detection.
pBuOVB_Show → Toggle to display Bullish Outside Vertical Bar (OVB).
pBuOVB_Min_Delta → Minimum difference required for Bullish OVB detection.
pBuOVB_Color → Color for Bullish OVB pattern.

MSH / MSL / TBH / TBL Patterns

pMSH_Width → Line width or marker size for Market Structure High.
pMSL_Show → Toggle to display Market Structure Low.
pTBH_Show → Toggle to display Triple Bar High (bullish).
pTBH_Max_Delta → Maximum difference allowed for TBH detection.
pTBH_Color → Color used for TBH pattern.
pTBH_Width → Line width or marker size for TBH.
pTBL_Show → Toggle to display Triple Bar Low (bearish).
pTBL_Max_Delta → Maximum difference allowed for TBL detection.

Stats / Position Settings

pStats_Show → Toggle to show statistics summary of detected patterns.
pStats_Pos → Defines where on the chart the stats will be displayed.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

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