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The Candlestick Patterns Dashboard is a professional-grade technical analysis tool designed for serious cTrader users. It combines a powerful pattern recognition engine with a sophisticated Multi-Timeframe (MTF) Dashboard to filter out noise and identify high-probability trade setups instantly.
Unlike standard pattern indicators that clutter your chart with weak signals, this tool uses a proprietary Strength Scoring System to grade every pattern based on Trend, Volume, and Support/Resistance confluence.
Key Features
1. Professional MTF Dashboard Scan up to 5 timeframes simultaneously (e.g., M15, M30, H1, H4, Daily). The dashboard provides a comprehensive market overview at a glance:
- Trend: Instant visual confirmation of the macro trend (SMA filtered).
- Pattern: Displays the most recent pattern detected.
- Strength %: A calculated quality score (0-100%) for the pattern based on confluence factors.
- Ago: How many bars ago the signal formed (or "NOW" for live signals).
- Win %: Historical win-rate statistics for the specific pattern on that timeframe (based on the last 100 bars).
2. Advanced Pattern Recognition Detects over 30 classic Japanese candlestick patterns, categorized by market sentiment:
- Bullish Reversals: Hammer, Engulfing, Morning Star, Three White Soldiers, Piercing Line, etc.
- Bearish Reversals: Shooting Star, Hanging Man, Evening Star, Three Black Crows, Dark Cloud Cover, etc.
- Continuations: Rising/Falling Three Methods, Tasuki Gaps, Mat Holds.
- Indecision: Doji, Spinning Tops, High Wave Candles.
3. Intelligent Filtering & Scoring Every pattern is assigned a "Strength Score" to help you filter quality over quantity:
- Trend Alignment: Bonus score if the pattern aligns with the SMA trend.
- Volume Filter: Bonus score if the pattern forms on above-average volume.
- Confluence: Bonus score if the pattern forms at Bollinger Band extremes or RSI Overbought/Oversold levels.
4. Clean, Professional Charting
- Smart Stacking: Patterns are stacked vertically to prevent text overlap.
- Live Candle Logic: Shows only the single strongest developing pattern on the live candle to prevent flickering and confusion.
- History Limiter: Configure exactly how many bars of history to draw to keep your charts clean.
5. Alerts & Customization
- Sound alerts on bar close for high-strength patterns.
- Fully customizable colors, panel location, and display settings.
- Toggle "Show Win %" or "Show Strength" to customize the dashboard info.
How to Use
- The Dashboard: Look for the "NOW" label in the "Ago" column. This indicates a fresh pattern has just formed or is forming.
- Check Strength: A pattern with a score >80% indicates strong confluence (Trend + Volume + Support/Resistance).
- Check Trend: Ensure the "Trend" arrow matches the "Pattern" direction for high-probability continuation trades.
- On Chart: Visual arrows allow you to verify the pattern context relative to price action.
Disclaimer
Risk Warning: Trading foreign exchange and CFDs carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.
Tool Disclaimer: The "Candlestick Patterns Dashboard" indicator is a technical analysis tool provided for informational and educational purposes only. It does not constitute financial advice or a signal service. Past performance (Win % statistics) is not indicative of future results. The authors and developers of this tool accept no liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Trade responsibly.
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