Magic PriceAction MT5

Magic Price Action – Advanced Candlestick Pattern Recognition by Mr Green76
Elevate your price action trading with Magic Price Action, an advanced MetaTrader 4 indicator that streamlines candlestick analysis through automated detection, deep customization, and an intuitive on-chart control panel.

Stop manually scanning charts—let Magic Price Action do the heavy lifting with precise, real-time identification of key candlestick patterns based on your personal strategy.

? Key Features

✅ Intelligent Pattern Recognition
Automatically detects a wide range of classic candlestick patterns, including:

• Doji

• Hammer

• Inverted Hammer

• Full Body bars

✅ Define Up to 5 Custom Candle Conditions (C1–C5)
Build complex, multi-bar pattern sequences or isolate single-bar conditions. Each candle can be independently configured for:

• Activation: Enable/disable specific candles.

• Pattern Type: Choose from Doji, Full Body, Hammer, or Inverted Hammer.

• Color Condition: Bullish, Bearish, or Any.

• Wick-to-Body Ratio: Set upper/lower wick size relative to the body.

• Body-to-Range %: Define body size as a percentage of full candle range.

? Advanced On-Chart GUI Panel

Interactive & User-Friendly
No need to dig through properties windows. Adjust everything directly on your chart:

• Draggable & Minimizable: Reposition or hide the panel to suit your workflow.

• Responsive Layout: Panel auto-adapts to chart size.

• Real-Time Editing: Modify wick/body ratios, calculation range, and more with instant effect.

? Clear Visual Signals

• Signal Arrows: Arrows mark detected patterns using an ATR-based offset for optimal visibility.

• Text Labels (Optional): Add pattern names like "Doji" or "Hammer" to the chart. Customize font, size, and color.

? Smart Detection Logic

• Single Pattern Recognition: Detect isolated candle patterns using only C1.

• Sequential Pattern Recognition: Enable C1–C5 together to identify multi-candle formations in precise order.

⚙️ Performance & Display Controls

Optimize indicator behavior and chart clarity:

• MaxBars : Set how many bars the indicator processes.

• MaxBarsObjects : Limit how far back labels are drawn.

• DisplayText : Globally enable/disable text labels.

? Why Traders Choose Magic Price Action

• Save Time: Automates manual chart analysis.

• Improve Accuracy: Apply consistent rules and logic.

• Stay Alert: Never miss potential setups as they form.

• Fully Customizable: Adapt the tool to your personal strategy.

• Effortlessly Intuitive: Even complex setups are easy with the smart GUI.

? How to Use

1. Attach Magic Price Action to any MT4 chart.

2. The on-screen panel will load automatically.

3. Configure candle patterns (C1–C5) by setting pattern type, color, wick ratio, and body % as needed.

4. Adjust general settings like max bars or label display through the same panel.

5. Watch the chart highlight real-time signals with arrows and optional text.