RTS5Pattern is a professional indicator for the MetaTrader 5 platform, created specifically for Price Action traders who value clean charts and the critical importance of S/R levels. This tool combines the simplicity of Price Action with smart analysis of recurring price structures. It is designed to quickly and accurately identify price patterns in important contexts – without cluttering the chart with unnecessary indicators.

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Why RTS5Pattern for Price Action traders? Because every pattern tells a story.

  • No oscillators, MAs, or complex formulas needed – everything is based on raw price, candles, and market structure.
  • Context-focused detection: Click the beginning and end of a pattern near a key S/R level. The indicator searches history and finds similar market situations – and shows you how price reacted back then.
  • S/R relevance: Works excellently for bounce tests, false breakouts, returns to equilibrium, or breakouts from consolidation.
RTS5Pattern Pro DEMO

What can RTS5Pattern do?

  • Pattern detection based on trader selection: Gives you full freedom – you define which candles make up a significant pattern (e.g., pin bar, engulfing, or three-candle reversal).
  • Instant historical comparison: Instantly compares your setup to similar historical cases and shows how price developed afterward.
  • Prediction of possible move: Shows likely direction and TP/SL levels based on past pattern outcomes.
  • Clean chart output: Everything is drawn delicately with a focus on clarity – indicator output doesn’t block candles, but complements them.

What do you gain?

  • Backtesting your Price Action patterns in real historical context.
  • Decision support – determine if the pattern has a strong enough precedent.
  • Evaluate pattern strength by how the market behaved after a similar structure in the past.
  • High accuracy without overfitting – no curve fitting or overtrained models.

Recommended usage for Price Action S/R style

  1. Prepare your chart – recommended timeframes: M15 to H4. Remove all unnecessary indicators. Mark important support and resistance zones.
  2. Identify a visually interesting pattern in the S/R zone, e.g.:
    • pin bar testing support,
    • strong rejection after breakout,
    • reversal engulfing right under resistance.
  3. Click on the first and last candle of the pattern – this provides the indicator with a sample. It will scan the entire history and find closest matches.
  4. Watch the prediction – the chart will show three closest historical matches with likely price trajectories. The yellow line shows the dominant direction (aggregated).
  5. Make decisions based on context:
    • If the pattern has been historically stable and price moved directionally (clear TP far from entry), the indicator confirms your idea.
    • If results are inconsistent or lack strong matches, the entry might not be ideal.
  6. Use it for confirmation, not as an automatic entry signal. RTS5Pattern is not a „buy/sell“ indicator but a tool to validate your Price Action-based trade decisions.

RTS5Pattern is the perfect tool for any trader working with Price Action and classic support/resistance levels. It helps traders quickly and effectively verify whether a visually identified pattern has historical support and provides context for anticipating future price movement.

Author: Tomáš Bělák