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 using any of the indicators, price values, or other information available from the MetaTrader platform.

Here is the List of the 54 Candle Patterns Included in the Candlestick Library

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

FREE LIFETIME UPDATES

The FOREX market changes fast, so I’m always on the look-out for new methods. When I add new options to this Plug-In, you’ll receive them FREE of charge.

WHITE BOX CODE

There are no secrets here - You have full access to the MQL code.  The code generated by the VTS EA Builder and this Plug-in is fully available for you to view, edit and rebuild if you desire. You can learn cutting techniques from our MQL source code.

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Get the Candlestick Pattern Plug-in Here

$79 USD

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