Introduction
Ever missed that perfect reversal? You saw it coming—kinda—but didn’t pull the trigger coz you weren’t totally sure. Well, what if your chart could literally tell you when a reliable pattern is forming?
That’s where Pattern Recognition Master V7 for MT4 steps in. This handy indicator scans your chart in real-time and highlights classic price action patterns—so you don’t have to keep second-guessing.
And the best part? It works right out of the box with no complicated setup. Whether you’re a beginner or a seasoned trader trying to tighten entries, this is a tool you’ll wish you had sooner.
Let’s dive into what makes this indicator a must-have.
Overview – What Is Pattern Recognition Master V7 Indicator?
Pattern Recognition Master V7 is a smart price action detection tool for MetaTrader 4 that automatically identifies popular chart patterns—like double tops, double bottoms, head and shoulders, triangles, flags, wedges, and more.
The indicator constantly analyzes candlestick formations and market structure, then draws the pattern on your chart and sends a visual + optional sound alert when a setup completes.
It’s built for traders who love technical patterns but hate missing them due to fast price movement or screen fatigue. No more staring at charts for hours trying to “eyeball” reversals!
This tool was designed by YoForex-approved devs, back-tested across major pairs, and fine-tuned for high-speed MT4 charting with minimal lag.
Key Features
• +25 built-in classic patterns (reversal & continuation)
• • Auto-draws patterns with breakout zones
• • Optional alerts (popup + sound + MT4 mobile notifications)
• • Works on all timeframes – M1 to D1
• • Compatible with any pair or CFD – forex, crypto, metals
• • Identifies early trend reversals & continuation breakouts
• • Customizable colors and line styles
• • Detects valid patterns based on volume + candle structure
• • Lightweight – doesn’t slow down MT4
• • Beginner-friendly – plug and play
• • Repaint-free logic for confirmed patterns
• • Tested on XAUUSD, BTCUSD, EURUSD, GBPJPY, and NAS100
How It Works – Pattern Scanning Strategy
This indicator isn’t just “drawing lines” randomly like most free tools. Pattern Recognition Master V7 actually checks:
🔍 Candle body ratio + tail structure
🔍 Support/resistance interaction
🔍 Slope angle & pattern symmetry
🔍 Recent volume spikes
🔍 Breakout momentum or rejection wick
That’s how it distinguishes a legit flag pattern from just a choppy mess.
Each detected pattern is overlaid with clear lines, showing the breakout direction, invalidation level, and even the potential target based on price range.
So if you’re trading a double bottom? It’ll mark the neckline, and you’ll see the confirmation candle after the breakout – no guesswork.
Best Use Cases
✅ Scalpers – Catch wedge breakouts or small flags on M5/M15
✅ Swing traders – Spot double tops or triangles on H1/H4
✅ Crypto lovers – Use it on BTC/ETH charts during volatility
✅ Gold traders – Predict reversals on XAUUSD using H&S or triple bottom patterns
✅ Prop firm challenges – Combine it with strict RR to pass evaluations
Installation Guide – Quick & Easy Setup
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Download the Indicator from MQL5.software
👉 Get Pattern Recognition Master V7 Free -
Open MT4 → File → Open Data Folder
→ Navigate toMQL4/Indicators
→ Paste the.ex4file here -
Restart MT4 and open any chart.
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Drag and drop the indicator on your preferred timeframe.
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Tweak alert settings, color schemes, and pattern types (if you want – defaults work great too!)
Real Chart Example
Here’s how the indicator highlights patterns on a live chart:
Alt text: Double bottom and flag pattern drawn by Pattern Recognition Master V7 on XAUUSD chart
It shows everything in clean, minimal overlays. No clutter, no repainting—just real-time pattern guidance.
Why YoForex Recommends This
YoForex tests hundreds of tools every month, and only a few make it onto our official indicator picks list. Pattern Recognition Master V7 is:
✔️ Fast – Ideal for scalpers & intraday setups
✔️ Accurate – Low false signals, real confirmation
✔️ Free – No locked features, no subscriptions
✔️ Support-ready – Got bugs? Message us directly
✔️ Live-market validated – Tested on trending & ranging conditions
We recommend pairing it with our Forex Starter Guide if you’re new to patterns.
Disclaimer
This is a visual tool, not a signal provider. You must still manage your risk and confirm with other factors (like volume or S/R levels). Pattern-based trading involves subjective interpretation, so always test in demo first.
Call to Action
🎯 Ready to spot perfect setups with your eyes closed?
👉 Download Pattern Recognition Master V7 for MT4 – It’s free, fast, and easy to use.
Join thousands of smart traders who are done guessing and started trading confidently with proven patterns.
Thanks for the visit …
For any query please feel free to contact us on our official telegram channel – Yoforex Premium –
