CandlestickMetaTrader 5 • MQL5
Morning Star & Evening Star Indicator for MetaTrader 5
Three-candle reversal pattern detector with trend context filter
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About This Indicator
Morning Star (bullish) and Evening Star (bearish) are powerful three-candle reversal patterns. This indicator automatically identifies them, validates trend context, and alerts you when a valid pattern completes on the current bar.
Key Features
- Detects Morning Star and Evening Star patterns
- Three-candle pattern validation
- Trend context filter with configurable MA
- Alert on pattern completion
- Arrows on the third (confirmation) candle
Frequently Asked Questions
Why is the Evening Star bearish?
The Evening Star shows buyers losing control after an uptrend - the small middle candle shows indecision, followed by sellers taking over in the third candle.
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