Candlestick Patterns Analytics is a powerful tool for analyzing candlestick patterns. Do you trade based on candlestick patterns? Then Candlestick Patterns Analytics is designed for you.

The undeniable advantage of the indicator:

• Predicts trading result when trading candlestick patterns;
• Uses statistical data based on the history of the selected symbol and timeframe.

What the indicator does

• Finds and marks on the chart 29 candlestick patterns;
• Draws arrows to indicate the classical and statistical trade direction;

Description of Input Parameters

• ShowTable - Show/hide the table;
• Candle_X - the serial number of the candlestick after pattern formation, a detailed report for which will be displayed in the table;
• Spread - the average symbol spread in points;
• MinCount - the minimum number of candlestick patterns in history for the calculation of statistic;
• MinWin - the minimum percent of the winning direction;
• MinMathExp - the minimum mathematical expectation in points;
• TextSize - text size, determines the size of the table and text of candlestick pattern names on the chart;
• ShowText - show the text of candlestick pattern names on the chart;
• TextColor - the color of the text of candlestick pattern names on the chart;
• alert Classic - alert for classical trading;
• alert Statistics - alert for statistical trading;
• ---------- Candlestick Patterns ------------- - separators;
• AdvanceBlock - candlestick pattern;
• BeltHoldLine - candlestick pattern;
• CounterattackLines - candlestick pattern;
• DarkCloudCover - candlestick pattern;
• Doji - candlestick pattern;
• Engulfing - candlestick pattern;
• EveningStar - candlestick pattern;
• Gap - candlestick pattern;
• GravestoneDoji - candlestick pattern;
• Hammer - candlestick pattern;
• HangingMan - candlestick pattern;
• Harami - candlestick pattern;
• InvertedHammer - candlestick pattern;
• LongLeggedDoji - candlestick pattern;
• MatHoldPattern - candlestick pattern;
• MorningStar - candlestick pattern;
• onNeckLine - candlestick pattern;
• Piercing - candlestick pattern;
• SeparatingLines - candlestick pattern;
• ShootingStar - candlestick pattern;
• SideBySideWhite - candlestick pattern;
• StalledPattern - candlestick pattern;
• TasukiGap - candlestick pattern;
• ThreeCrows - candlestick pattern;
• ThreeLineStrike - candlestick pattern;
• ThreeMethods - candlestick pattern;
• ThreeWhiteSoldiers - candlestick pattern;
• Tweezer - candlestick pattern;
• UpsideGapTwoCrows - candlestick pattern;

Description of the table

History block (screenshot 2):

• Model - pattern name;
• Type - classical trade direction;
• Count - the number of patterns in history.

Buy trading block (screenshot 2):

• Count - the number of winning patterns;
• Win, % - the percent of winning patterns;
• Summ Close - the amount of wins since the opening of the first candlestick after the pattern till the close of the "X"th candlestick;
• AV - average gain in points;
• Summ High - the sum of highs in the range from the opening of the first candlestick after the pattern till the close of the "X"th candlestick;
• AV - the average high in points;
• ME - mathematical expectation of profit in points.

Sell trading block (screenshot 3):

• Count - the number of winning patterns;
• Win, % - the percent of winning patterns;
• Summ Close - the amount of wins since the opening of the first candlestick after the pattern till the close of the "X"th candlestick;
• AV - average gain in points;
• Summ Low - the sum of lows in the range from the opening of the first candlestick after the pattern till the close of the "X"th candlestick;
• AV - the average high in points;
• ME - mathematical expectation of profit in points.

Candlestick analysis block (screenshot 3):

• X = 4 - the number of the candlestick after the pattern, a detailed report for which will be displayed (Block 2 and Block 3);
• 1 - 8 - candlestick after the pattern, for which a brief conclusion will be presented.

Cells Count, Win, ME are colored in green if the appropriate values are exceeded.

Cells X, 1 -8 - when exceeded simultaneously.

For example, on the attached screenshots, we can select good working patterns for the analyzed pair and timeframe: AdvanceBlock Down (Buy), BeltHoldLine Down (Buy), CounterattackLines Down (Sell).

only a few patterns can be tested in the Strategy Tester.

It is recommended to use the Candlestick Patterns Custom indicator in Expert Advisors.