Highlighted Candle Signs MT5

Indicator designed to bring investors the advantage of identifying strong patterns of candles in real time, making it possible to act on the purchase or sale.

The candlestick patterns identified by this indicator are:

• Inside Bar
• Closing Price Reverse Top (PFRA)
  
• Closing Price Reverse Bottom (PFRB)
• Dave Landry
• Bullish Engulf
• Bearish Engulf

Advantages:

• Real Time
• At each tick, the color of the candle changes if it is forming one of the patterns specified above, this allows to anticipate the closing of the candle and make the position.
• Contrast and Configurable Default Colors
• To make the patterns easier to see, well-contrasted colors have been set by default, which are clearly visible on both white and black backgrounds, but if necessary, the colors are fully configurable in the indicator settings.
• Choose which patterns to display.
• If you are not using all the patterns that the indicator identifies, you have the option to disable it, making the chart view clearer. By default, the Inner Bar and High Reverse Closing Price defaults are already enabled.

Description of Standards:

Inside Bar: has its high and low contained between the high and low of the previous candle.

Closing Price Reverse Top (PFRA): has its low lower than the low of the previous candlestick, and close above the close of the previous candlestick.

Closing Price Reverse Bottom (PFRB): has its high greater than the high of the previous candlestick, and closes below the close of the previous candlestick.

Dave Landry: has its lowest lower than the low of the previous two candles.

Bullish Engulf: must be a bullish candlestick, with a body larger than the sum of its shadows, and the previous candlestick should be bearish and have a lower actual trading volume. You can set the body size of the bullish candlestick in relation to the previous one so that it is considered a bullish swallow

Bearish Engulf: should be a bearish candlestick, with a body larger than the sum of its shadows, and the previous candlestick should be bullish and have a lower actual trading volume. You can set the body size of the bearish candle over the previous one so that it is considered a bearish engulf.

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