I've put together an indicator for cTrader that scans for multiple candlestick patterns and converts them into a single momentum-style oscillator.
It looks for:
It looks for:
- Engulfing patterns
- Harami
- Piercing and Dark Cloud Cover
- Pin bars (hammer or shooting star)
- Morning and Evening Stars
- Doji
Each pattern is scored, weighted, and normalised to a range from −100 to +100, with a signal line to smooth the raw score. Green histogram bars show bullish pressure, red bars show bearish pressure.
You can adjust the weights to focus on the setups that work best in your market, or even disable patterns you don’t use. The oscillator helps spot shifts in sentiment, confirm reversals, and finding divergence with price.
More details and download here: https://clickalgo.com/pattern-recognition-oscillator