VegaXLR - Candlestick Patterns Pro is an advanced trading indicator for the cTrader platform that identifies 34 distinct candlestick patterns across multiple timeframes. It supports real-time monitoring of up to 10 timeframes simultaneously, providing a comprehensive market perspective. The indicator features an organized display to help traders quickly recognize bullish and bearish patterns such as Doji variations, Engulfing, Morning/Evening Stars, Hammer, Shooting Star, Harami, and more.
Key functionalities include an advanced alert system that notifies users via sound, pop-up, Telegram, or email about important patterns and market events. It also enables automation of position management and cBot operations based on specific alerts. The interface is customizable, allowing adjustment of panel colors, sizes, and positions, while user-friendly settings let traders configure trend considerations, tolerance levels, and pattern abbreviations for tailored insights.
Supported alert types cover candlestick patterns, market direction changes, and inside/outside bar formations. Recent updates have enhanced alert capabilities and integrated chartshot alerts via Imgur, along with a user guide accessible directly on the chart. This tool is designed to assist traders in simplifying their analysis, staying ahead of market movements, and making informed trading decisions efficiently.