The Morning Star & Evening Star Indicator scans your MT4 and MT5 chart for its target price pattern and marks each occurrence as it completes. Also, you get the setup flagged on the bar it confirms – no manual pattern-hunting – with an alert on every fresh print.
For more like this, browse the more candle-sticks indicators for forex or jump to the full all MetaTrader indicators.
What the Morning Star & Evening Star Indicator does on the chart
Under the hood the indicator uses standard math you know. It plots one clear layer. It does not call external libraries. Also, it does not slow down the chart.
The Morning Star & Evening Star Indicator reads price, volume, and recent bar structure. Also, still, it plots the result on the chart. You can read it at a glance. Thus, it is built for MT4 and MT5. You drag it onto any chart in one step.
Key features and settings
- Scans bar combinations for the configured pattern
- Marks valid setups on the chart with a small icon
- Optional alert toggle when a new pattern prints
- Easy to disable individual pattern types you do not use
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for MT4 and MT5; works on every timeframe the platform supports.
- Lightweight code that does not slow down the chart.
| Setting | Description | Recommended default |
|---|---|---|
| Pattern set | Which patterns to scan for | All |
| Min body ratio | Minimum candle body ratio for a valid pattern | 0.6 |
| Alerts | Toggle alerts when a new pattern prints | Off |
| Color theme | Switch between dark and light chart palettes | Dark |
| Show on chart | Toggle the on-chart visual without removing the indicator | On |
How to read signals from the Morning Star & Evening Star Indicator
The Morning Star & Evening Star Indicator highlights configured candle and chart patterns as they appear. Also, still, hence, a typical workflow looks like this.
Entry idea (long). Wait for a configured bullish pattern to print on the higher timeframe trend. Next, wait for the bar to close. Intra-bar values can shift.
Entry idea (short). Wait for a configured bearish pattern to print at a higher-timeframe resistance. The same close rule applies.
Exit idea. Some traders take partial profit at one R and trail the rest with structure. Some traders trail with structure. Others trail with the indicator itself.
These are concepts, not rules. Then, backtest on your instrument and timeframe before live capital.
Recommended timeframes and instruments
The Morning Star & Evening Star works on every timeframe MT4 and MT5 supports. Most traders use it on:
- M15 to H1 for intraday setups during active sessions.
- H4 for trend context and confirmation.
Common instruments where this style of tool is applied include EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD, and major indices such as US30 and NAS100.
How to install on MT4 and MT5
Installation is the same for every indicator on this site. Thus, yet, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Combine the Morning Star & Evening Star Indicator with one other tool. A higher-timeframe trend filter or a session tool works well.
- Keep position sizing small while you learn the tool on your instrument.
- Backtest the configuration on at least 200 closed bars before live use.
- Do not chase signals that fire mid-bar. Wait for the close.
- Review your trades weekly. Prune settings that did not perform on your own backtest.
Get the Morning Star & Evening Star for MT4 and MT5
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Built by forexmt4systems.com
This Morning Star & Evening Star Indicator is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Next, plainly, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the Morning Star & Evening Star measure?
It plots a clear signal layer that the Morning Star & Evening Star computes from recent price and volume on the chart.
Is the Morning Star & Evening Star Indicator non-repaint?
By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Also, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.
Which timeframe should I use?
There is no single best timeframe. Then, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.
Does it work on instruments other than forex?
It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Thus, yet, still, fast-moving instruments may need a smaller period setting.
Can I add alerts?
Yes. Thus, Pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Also, still, hence, truly, hence, the Morning Star & Evening Star Indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Next, alerts trigger once per closed bar.
For external background reading, see the technical indicator basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the Morning Star & Evening Star Indicator as one input. Always backtest before trading live.
Category: this is part of our Candle Sticks collection. Browse more Candle Sticks for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- For background on this concept, see Portfolios with Purpose on Wikipedia.
- For broader market context, see Coppock Curve at StockCharts ChartSchool.