The Price Action Analysis Toolkit has developed a tool that enhances chart analysis by scanning and identifying candlestick patterns. Initially intended to locate patterns, its application has expanded to reveal recurring price levels, acting as support or resistance. Recognizing these levels allows traders to anticipate market behavior, better timing for entries and exits, and strategic stop placements.

The Pattern Density Heatmap further advances this by detecting historical candlestick patterns to create zones that illustrate past market reactions. This approach offers a strategic advantage by informing traders of potential market moves as price approaches these zones.

Implementation in MQL5 involves coding a system that scans historical data for patterns, aggregates detections into price zones, and visualizes them with a heatmap. These zones are no...

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