Have you ever wished you could spot profitable candlestick patterns the exact moment they form, without staring at your screen for hours?
If you’ve been trading for a while, you already know that Price Action (PA) is one of the most reliable ways to predict market reversals and continuations. That’s where the Super PA Spotter Indicator comes in. This powerful MT5 indicator gives you a real-time analysis of the market by automatically scanning for high-probability candlestick patterns and marking key support and resistance levels.
Super PA Spotter Indicator Description
The Super PA Spotter is a technical trading tool designed for MetaTrader 5 that automatically detects and labels classic Price Action candlestick patterns directly on your chart. It was built with smart algorithms that analyze candle bodies, wicks, and closing prices to identify major bullish and bearish formations, including: Doji, Pin Bar, Evening Star, Hammer, Morning Star, Shooting Star, Engulfing Pattern, Harami, and Piercing Line.
The indicator doesn’t just point out the pattern; it automatically draws a horizontal line from the pattern’s key price level. The results are displayed visually on your MT5 chart with clear text labels, colored arrows, and extended support/resistance lines, making it easy to read.
Here’s why it’s a handy tool for your trading arsenal:
- Automatic Pattern Recognition: It instantly spots and labels proven setups including Doji (Bull/Bear Cross), Pin Bar, Morning Star, Evening Star, Hammer, Shooting Star, Engulfing Pattern, Harami, and Piercing Line.
- Built-In Support & Resistance: It automatically draws green horizontal support lines under bullish setups and red resistance lines above bearish setups.
- Great for All Traders: Works effectively for scalping, day trading, and swing trading styles.
- Catches Retest Entries: The extended horizontal lines make it easy to spot “second-chance” entries when the price pulls back to retest a pattern’s high or low.
- Easy to Read: No complicated oscillators or messy sub-windows, just clean text labels, arrows, and horizontal levels right on your price candles.
- Adaptability for All Trader Levels: The Super PA Spotter Indicator is suitable for traders of all experience levels. Beginners can learn candlestick names in real-time, while advanced traders can use it to save time on chart analysis.
Super PA Spotter Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “Super PA Spotter.ex5″ and copy it.
3. Open your MT5.
4. Go to “File – Open Data Folder – MQL5”.
5. Paste the file into the “Indicators” folder in MQL5.
6. Restart your MT5.
More Trades Examples
My Conclusion on the Super PA Spotter Indicator
This indicator is handy because trading with pure Price Action gives you a significant edge without lagging behind the market. Instead of second-guessing whether a candle is a valid engulfing pattern, a shooting star, or a pin bar, you can trade confidently knowing the algorithm has already verified the formation and mapped out your key levels.
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.P.S. Check out software by Altra Forex Group here