Pattern Recognition Master Indicator

  • 📊 Detects Popular Candlestick Patterns like Doji, Hammer, and Engulfing.
  • 🎨 Color-Coded Signals for bullish (blue) and bearish (red) patterns.
  • 📋 Quick Reference Guide on the chart for pattern letters.
  • High Accuracy on Higher Timeframes.
  • Customizable Settings & Alerts for convenience.
  • 🌐 Compatible with All Currency Pairs and Timeframes.

🔍 Pattern Recognition Master Indicator for MT4

  • 📌 Identifies Major Candlestick Patterns: Detects patterns such as Shooting Star, Hammer, Morning Star, Evening Star, Doji, and Engulfing patterns.

  • 🎨 Color-Coded Signals: Blue letters for bullish patterns and red letters for bearish patterns for instant recognition.

  • 🖥 On-Chart Display: Shows patterns directly on the main trading chart using letters for easy spotting.

  • 📋 Reference Guide Included: A full list of patterns with their corresponding letters is displayed in the top-left corner of the chart for quick understanding.

  • Higher Timeframe Accuracy: The higher the timeframe where a pattern forms, the more reliable the signal becomes.

  • Customizable Options: Offers flexibility with settings for colors, letters, and alert preferences.

  • 🔔 Alerts & Notifications: Get alerts when new patterns appear for better trade timing.

  • 🌐 Universal Compatibility: Works on all currency pairs, all timeframes, and with any trading strategy.

  • 👨‍💻 User-Friendly: Ideal for traders of all levels, from beginners to professionals.

Input Settings & Controls

Pattern Recognition Master Indicator MT4 – Settings

🔔 General Alerts

  • Show Alerts

🌟 Shooting Star Settings

  • Display Shooting Star (Pattern 2)

  • Show Shooting Star Alert (Pattern 2)

  • Display Shooting Star (Pattern 3)

  • Show Shooting Star Alert (Pattern 3)

  • Display Shooting Star (Pattern 4)

  • Show Shooting Star Alert (Pattern 4)

🔨 Hammer Settings

  • Display Hammer (Pattern 2)

  • Show Hammer Alert (Pattern 2)

  • Display Hammer (Pattern 3)

  • Show Hammer Alert (Pattern 3)

  • Display Hammer (Pattern 4)

  • Show Hammer Alert (Pattern 4)

Doji Settings

  • Display Doji

  • Show Doji Alert

Stars Settings

  • Display Stars

  • Show Stars Alert

  • Star Body Length: 5

🌑 Dark Cloud Cover Settings

  • Display Dark Cloud Cover

  • Show Dark Cloud Cover Alert

🌅 Piercing Line Settings

  • Display Piercing Line

  • Show Piercing Line Alert

🐻 Bearish Engulfing Settings

  • Display Bearish Engulfing

  • Show Bearish Engulfing Alert

🐂 Bullish Engulfing Settings

  • Display Bullish Engulfing

  • Show Bullish Engulfing Alert

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

Risk Disclaimer

  • TrendCharts.in and its associated products, services, software, and tools do not provide any offer or solicitation to buy or sell securities, futures, forex, commodities, or derivatives.
  • We are not SEBI Registered Investment Advisors or Research Analysts.
  • All materials are strictly for educational, informational, and paper trading & help in analysis purposes only.
  • We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
  • TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
  • All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
  • Users may utilize the software and tools for paper trading or strategy evaluation only.
  • If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
  • Any such use is at the user’s sole discretion and risk.
  • We explicitly disclaim liability for any financial loss, trading loss, or damages resulting from:
  • Use of our software, tools, or services.
  • Decisions made based on any charts, indicators, AFLs, data, or analysis from our products.
  • All market data and content provided are subject to delays, inaccuracies, or errors.
  • Past performance (actual or hypothetical) is not indicative of future results.
  • Hypothetical or backtested performance may not reflect the impact of actual market conditions.
  • Trading and investing involve substantial financial risk and can result in loss of capital beyond the initial investment.
  • Users must use individual discretion and independent judgment while interpreting signals, strategies, or chart setups.
  • Automated signals or scanners are tools for evaluation—not trading instructions.
  • TrendCharts content does not account for personal financial conditions, goals, or investment profile.
  • Before making any financial decisions, consult with a licensed financial advisor or SEBI-registered professional.
  • Do not rely solely on any information presented on our site for actual trades.
  • Datafeeds and information may be delayed as per data vendor policies or exchange requirements.
  • We do not guarantee the real-time accuracy, timeliness, or completeness of such data.
  • No legal claim may be made against us or our data providers based on inaccuracies.
  • Any user testimonials are individual opinions and may not represent the typical user experience.
  • Hypothetical performance results involve inherent limitations and should not be relied upon for real-money decisions.
  • All opinions, data, signals, and analyses shared on the website are subject to change without notice.
  • TrendCharts reserves the right to modify tools, content, and services at its discretion.
  • Our software or product names are for branding purposes only and do not imply any market prediction or financial guarantee.
  • No claim is made regarding profitability from any software usage.
  • All content—charts, indicators, tools, or data—is designed for testing, analysis, and learning.
  • No real-money trading or investment recommendations are provided or supported.

⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, risk⚖️, reward🏆 and regret😔 are solely yours. 🔥

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