Import MT5 candles for a pair (at least 300 candles of M15, M30, H1, H4 or D1). Red Candle takes the last 20, 30 or 50 candles as the current pattern and looks for past windows of the same pair and timeframe with a similar shape. It compares the close-price path, candle bodies and wicks, trend slope and volatility. Everything runs on your computer and needs no AI.
What you see after a search
Matches found
How many past windows reached your minimum similarity. Overlapping windows count once, so the number reflects separate moments.
Continued, Reversed, Sideways
How price moved over the next 6, 12 or 24 candles after each match, measured against the direction of the window.
Move, best point, drawdown
The average move after a match in ATR, plus the best point reached and the max drawdown, so you see how far price went against the window on the way.
Now and Then
Open a match to compare it with the current chart side by side, see why it matches, and read your journal from that day.
Check it on past moments
Search from lets you end the window at any past candle and compare the statistics with what really happened. A historical match and its outcome must finish before the searched window starts, so no future candles leak into the result.
Statistics of the past, not a forecast
Similar Patterns describes how past windows in your own data turned out. Similarity measures how close two shapes are; it is not the chance of a profitable trade. Use it as a second look before your pre-trade checklist, and keep the decision with your own rules.
Does Similar Patterns predict where price will go?
No. It shows how past windows that looked like the current one turned out in your imported history. Past patterns do not predict future results.
How much MT5 history do I need?
At least 300 candles of one timeframe. More history gives the search more past windows to compare, so a few years of H1 or M15 candles usually give more matches than a few months.
Does it need AI or an internet connection?
No. The search is calculated on your computer from your candles. Explain with AI is optional and only sends the search statistics, not screenshots, to the provider you choose.
Which pairs and timeframes does it support?
Any forex pair or metal you import from MetaTrader 5, such as XAUUSD or EURUSD, on M15, M30, H1, H4 or D1.
