[cTrader Indicators] Candlestick Patterns Pack - Indicators + Source Code

If you want to master the art of Forex trading, you need to learn how to read candlestick charts.

Candlesticks are the most powerful and reliable way to visualize the price action and the market sentiment.They can help you identify entry and exit points, trend direction, support and resistance levels, and more.

But how do you know which candlestick patterns are important and what they mean?

How do you spot them quickly and easily on any chart and time frame?

How do you use them to make profitable trading decisions?

That’s where our Candlestick Patterns Indicator Pack comes in! 💯😊

This pack is a comprehensive collection of 20 essential candlestick patterns that every trader should know. These patterns are:

• Bearish Engulfing: A sign of a possible downtrend, when a large bearish candle engulfs a smaller bullish candle.
• Bearish Harami: A sign of a possible reversal, when a small bearish candle forms inside a larger bullish candle.
• Bullish Engulfing: A sign of a possible uptrend, when a large bullish candle engulfs a smaller bearish candle.
• Bullish Harami: A sign of a possible reversal, when a small bullish candle forms inside a larger bearish candle.
• Dark Cloud Cover: A sign of a possible reversal, when a bearish candle opens above the previous bullish candle’s high and closes below its midpoint.
• Doji: A sign of indecision, when the opening and closing prices are almost equal.
• Doji Star: A sign of a possible reversal, when a doij forms above or below a long candle.
• Dragon Fly Doji: A sign of a possible reversal, when a doji with a long lower shadow forms after a downtrend.
• Evening Star: A sign of a possible reversal, when a bullish candle is followed by a small candle and then a large bearish candle.
• Evening Star Doji: A sign of a possible reversal, when a bullish candle is followed by a doji and then a large bearish candle.
• Gravestone Doji: A sign of a possible reversal, when a doji with a long upper shadow forms after an uptrend.
• Hammer: A sign of a possible uptrend, when a small body with a long lower shadow forms after a downtrend.
• Hanging Man: A sign of a possible reversal, when a small body with a long lower shadow forms after an uptrend.
• Inverted Hammer: A sign of a possible reversal, when a small body with a long upper shadow forms after a downtrend.
• Morning Star: A sign of a possible reversal, when a bearish candle is followed by a small candle and then a large bullish candle.
• Morning Star Doji: A sign of a possible reversal, when a bearish candle is followed by a doji and then a large bullish candle.
• Piercing Pattern: A sign of a possible reversal, when a bullish candle opens below the previous bearish candle’s low and closes above its midpoint.
• Raindrop: A sign of indecision or balance, when the opening and closing prices are equal and form the outline of the candle body.
• Raindrop Doji: A sign of indecision or balance, when the opening and closing prices are equal and form the outline of the doji body.
• Shooting Star: A sign of a possible reversal, when a small body with a long upper shadow forms after an uptrend.

Built for cTrader platform

Our indicator pack works with cTrader, one of the most popular and advanced trading platforms in the world.

Different software versions to suit your needs

This pack is available in three versions:

• Demo version: Works in back-testing only. You can test the indicator on historical data and see how it performs.
• Full version: Works with no limitations. You can use the indicator on live or demo accounts and trade with confidence.
• Full version with source code: Works with no limitations and gives you access to the source code. You can modify the indicator as you wish or use it as a base for your own development.

Visual Parameters

You can also customize the icon and color of each pattern to suit your preference.

• Icon – Select an icon to display at the top of the candle.
• Color – Choose the color of the icon from a color picker.

What's in the pack?

You will get the following .calgo files in the download package:

• Bearish Engulfing - cTrader source-code indicator
• Bearish Harami - cTrader source-code indicator
• Bullish Engulfing- cTrader source-code indicator
• Bullish Harami - cTrader source-code indicator
• Dark Cloud Cover - cTrader source-code indicator
• Doji - cTrader source-code indicator
• Doji Star - cTrader source-code indicator
• Dragon Fly Doji - cTrader source-code indicator
• Evening Star - cTrader source-code indicator
• Evening Star Doji - cTrader source-code indicator
• Gravestone Doji - cTrader source-code indicator
• Hammer - cTrader source-code indicator
• Hanging Man - cTrader indicator
• Inverted Hammer - cTrader source-code indicator
• Morning Star - cTrader source-code indicator
• Morning Star Doji - cTrader source-code indicator
• Piercing Pattern - cTrader source-code indicator
• Raindrop - cTrader source-code indicator
• Raindrop Doji - cTrader source-code indicator
• Shooting Star - cTrader source-code indicator

How to install cTrader Indicators

1. Download and unzip the Indicator Pack
2. Double-click on the downloaded indicator (.calgo) file. This will automatically install all necessary files in cTrader.
3. Select the indicator from Custom in the functions menu in the top center of the chart
4. Enter the parameters and click OK.

Product Information

Current version: 1.0.0

Last updated: 29 September 2023

Developed by: TWOONE

Change Log

1.0.0 (29 September 2023)

• Initial release