Bheurekso Candlestick Pattern Indicator: Three Agree

Written by Dominic Walsh · Published 28 May 2026 · Last updated 9 Sep 2026

The bheurekso candlestick pattern indicator is a confluence tool. Price has to sit on the right side of a 50-bar average. A CCI turn and a stochastic turn both have to have happened within `ConfluenceBars` bars. Only then does an arrow appear on the chart.

This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.

Platforms	MT4 (.ex4) + MT5 (.ex5)
Chart window	Main price chart
Plots	3: Trend MA, Buy, Sell
Alerts	popup, push notification, email, sound
Inputs	13

What the Bheurekso Candlestick Pattern Indicator draws on the chart

Trend MA is the dodger blue line at `MaPeriod` `50` bars.

Buy places a lime arrow when all three conditions line up.

Sell places a red arrow for the mirror case.

Marks sit `ArrowOffsetPts` `35` from the candle.

• Trend MA: line, dodger blue, width 2
• Buy: arrow, lime, width 3, arrow code 233
• Sell: arrow, red, width 3, arrow code 234

How the Bheurekso Candlestick Pattern Indicator calculates its values

The trend condition

iMA supplies a simple average of the close over `MaPeriod` `50` bars. trendUp needs the close above it and trendDown needs the close below. That single test decides which direction the other two can support.

The two oscillator conditions

iCCI runs at `CciPeriod` `14` and iStochastic at `StochK` `5`, `StochD` `3` and `StochSlowing` `3`. Each has its own recent-turn test. Both must have fired inside the last `ConfluenceBars` `3` bars for the signal to count.

Why a window rather than one bar

Two oscillators rarely turn on the same candle. Allowing three bars of slack lets a slightly early CCI turn still pair with a stochastic one. Widen the window and signals multiply, because almost anything eventually lines up.

How to read the signals

The blue line tells you which direction is even available.

An arrow means three separate readings agreed inside a short window.

Narrow `ConfluenceBars` to 1 for a much stricter and much rarer signal.

Nothing here reads candle shapes, despite what the name suggests.

Alert channels in this build: popup, push notification, email and sound, one message per closed bar.

`EnableAlerts` starts on and `EnablePopup` carries the text. `EnablePushNotify`, `EnableEmail` and `EnableSound` begin false. `SoundFile` picks the clip. The confluence test reads closed bars, and the guard allows one message per bar.

Every Bheurekso Candlestick Pattern Indicator input

Core settings

Setting	What it does	Default
CciPeriod	Length of the CCI reading, default `14`.	14
StochK	Stochastic %K period, default `5`.	5
StochD	Stochastic %D period, default `3`.	3
StochSlowing	Stochastic slowing, default `3`.	3
MaPeriod	Trend average length, default `50`.	50
ConfluenceBars	all three signals must align within last N bars. Window in which all three must align, default `3`.	3

Display settings

Setting	What it does	Default
ArrowOffsetPts	Mark distance from the candle in points, default `35`.	35

Alert settings

Setting	What it does	Default
EnableAlerts	Master switch for the confluence alerts, default `true`.	on
EnablePopup	Terminal dialog on a confluence signal, default `true`.	on
EnablePushNotify	Phone push on a confluence signal, default `false`.	off
EnableEmail	Mail delivery on a confluence signal, default `false`.	off
EnableSound	Sound playback on a confluence signal, default `false`.	off
SoundFile	Wav clip for the confluence alert, default `alert.wav`.	alert.wav

Settings that fit your chart

Three readings agreeing needs a chart with enough movement to produce turns. EURUSD H1 is the reference chart, where `MaPeriod` at `50` covers two days. On M5 the average flips sides often and signals cluster. On H4 the tool goes quiet for long stretches.

When the Bheurekso Candlestick Pattern Indicator fails

The name says candlestick pattern, but the code reads two oscillators and an average.

A three-bar window is generous. Two unrelated turns can satisfy it by chance.

The trend test uses a single average, so a range gives it no useful answer.

Copy the compiled Bheurekso Candlestick Pattern Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.

Background reading on the method behind the Bheurekso Candlestick Pattern Indicator: Hogscraper candlestick on Wikipedia, Candlestick Charts at StockCharts ChartSchool.

Download the Bheurekso Candlestick Pattern Indicator for MT4 and MT5

The zip holds the compiled Bheurekso Candlestick Pattern Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.

FAQ

What does ConfluenceBars at 3 allow?

Three bars of slack between the CCI turn and the stochastic turn. Both still have to happen, and both still have to point the same way as the trend test. Set it to 1 and the two turns must land on the same candle.

Does the Trend MA plot read candle shapes?

No, despite the name. The code reads a 50-bar average, a CCI reading and a stochastic reading. Nothing inspects candle bodies or wicks. Treat the name as a label rather than a description of the logic.

How does MaPeriod decide direction?

By a straight comparison. trendUp needs the close above the 50-bar simple average and trendDown needs it below. There is no slope test and no neutral state, so the average always offers one direction or the other.

Why use both CciPeriod and StochK?

Because they measure different things. CCI compares typical price with its own average, while the stochastic reports where the close sits inside a recent range. Requiring both cuts the signal count sharply compared with either one alone.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the Bheurekso Candlestick Pattern Indicator as one input. Always backtest before trading live.