Candlestick Signal Finder is a cTrader indicator designed to automatically detect and visually highlight key Japanese candlestick patterns on trading charts. It identifies popular patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, Shooting Star, Doji, Morning Star, Evening Star, Piercing Line, Dark Cloud Cover, Bullish Harami, and Bearish Harami. Each detected pattern is marked directly on the relevant candle with a short code and color-coded to match a legend displayed on the chart, providing quick visual cues for potential bullish or bearish reversals and areas of indecision.
The indicator offers customizable detection sensitivity, allowing users to adjust parameters like minimum and maximum body size percentages, shadow ratios, Doji sensitivity, and label positioning. Individual patterns can be enabled or disabled to tailor the indicator to specific needs.
Candlestick Signal Finder supports multiple timeframes and symbols, including indices, forex, cryptocurrencies, stocks, and commodities. It is intended to assist traders in pattern recognition, reduce subjectivity through numeric rules, and serve as an educational tool for learning candlestick analysis. The indicator does not constitute a complete trading system and should be used alongside other analysis methods and risk management practices.