LT_Ind_Candles
Indicator
4 purchases
Version 1.0, Sep 2024
Windows, Mac
4.0
Reviews: 2
Since 25/09/2024
36
Sales
Description
Note: Tested on cTrader Windows only.
Single Candle Patterns:
- Doji
- Hammer
- Shooting Star
2 Candles Patterns:
- Engulf
- DarkCloud
- Piercing
- Harami
3 Candles Patterns:
- Morning Stars
- Eveving Stars
Marubozu:
If selected, size of big body candles are annotated. Read the setting descriptions for size.
Settings:
(Updated 07 Oct 2025:
- Use Atr (14 periods, simple moving average) instead of MedianBarBody
- Added settings for DarkCloud (and Piercing), Harami, Engulf factors
)
- MaxDojiSize: The maximum ratio between Bar Body over Bar Range to consider a Doji (default 0.1).
- Marubozu Factor: The BarBody of current bar must > MarubozuFactor * Atr to be considered a big candle (Marubozu). We do not care the wick here.
- Use Range For Marubozu: Use BarRange (High - Low) instead of BarBody (Open - Close).MathAbs() when check for Marubozu.
- Patterns: put patterns you want to detect, separated by comma. Accepted values are: Doji,Hammer,ShootingStar,Engulf,DarkCloud,Piercing,Harami,Star,Marubozu. Note that if choose "Star", both Morning Stars and Evening Stars will be detected.
- Show Retrace Fibo: A helper Fibo levels to help you control risk. When there are 2 consecutive Higher High and Higher Low candles, specified Fibo levels calculated from that 2 candles are plotted. You can hold your entry until price reach the levels to control risk. Levels are settable. The opposite side are same (Lower High and Lower Low).
- Min Percent Change: The 2 candles that used for Fibo levels must form a change in price > this percent.
- Fibo Levels: put your levels separated by comma.
- Color: color of the candle annotation.
Summary
AI summary
LT_Ind_Candles is a technical indicator designed to detect and annotate common candlestick patterns on trading charts. It identifies single-candle patterns such as Doji, Hammer, and Shooting Star; two-candle patterns including Engulf, DarkCloud, Piercing, and Harami; and three-candle patterns like Morning Stars and Evening Stars. Additionally, it can highlight Marubozu candles based on configurable size criteria using ATR or bar body measurements.
The indicator offers customizable settings to adjust pattern detection sensitivity, including maximum Doji size ratio, Marubozu factor, and options to use bar range or body for calculations. Users can specify which patterns to detect by listing them in the settings. A risk control feature plots Fibonacci retracement levels when two consecutive candles form higher highs and higher lows (or lower highs and lower lows), aiding in entry and exit decisions. These Fibonacci levels and minimum price change thresholds are configurable.
LT_Ind_Candles supports multiple markets such as Forex, indices, commodities, cryptocurrencies, and stocks. It is tested on the cTrader Windows platform. Candle annotations are color-customizable for clarity. This tool assists traders in visually recognizing key candlestick formations and managing risk through Fibonacci retracement guidance.
The indicator offers customizable settings to adjust pattern detection sensitivity, including maximum Doji size ratio, Marubozu factor, and options to use bar range or body for calculations. Users can specify which patterns to detect by listing them in the settings. A risk control feature plots Fibonacci retracement levels when two consecutive candles form higher highs and higher lows (or lower highs and lower lows), aiding in entry and exit decisions. These Fibonacci levels and minimum price change thresholds are configurable.
LT_Ind_Candles supports multiple markets such as Forex, indices, commodities, cryptocurrencies, and stocks. It is tested on the cTrader Windows platform. Candle annotations are color-customizable for clarity. This tool assists traders in visually recognizing key candlestick formations and managing risk through Fibonacci retracement guidance.
Indicator profile
Customer reviews
4.0
Reviews: 2
5 | 0 % | |
4 | 100 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
October 11, 2024
ngl, trade control feels cleaner and that is enough to keep testing it. The danger is trusting it too quickly.
September 28, 2024
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Price
Since 25/09/2024
36
Sales
