# RedCandle

Red Candle is a desktop trading journal for forex and gold (XAUUSD) traders who use MetaTrader 5. It works on macOS, and a Windows version is coming soon. Traders log trades against their own pre-trade checklist and daily limits, and keep chart screenshots in time order.

Red Candle is a desktop trading journal for forex and gold traders, for macOS, with a Windows version coming soon. It lets you:
\- log every trade with its setup, entry, stop loss and chart screenshots;
\- see your screenshots in time order on a timeline;
\- check your own rules before you enter a trade.

Red Candle can also use your MT5 price history. Import your candles, or let them sync from MetaTrader 5. Red Candle then:
\- finds past moments in your own history that look like today's chart, and shows what happened next;
\- measures trend, support and resistance from the candles, then has AI explain them in plain words.

Similar Patterns: your chart has been here before
\- Searches years of your own MT5 candles, not a generic database, so every match comes from the market and broker you actually trade.
\- Shows the top 10, 20 or 50 closest matches, with how many continued, reversed or went sideways, how far price moved and the worst move against you along the way.
\- Labels every window with its trend (uptrend, downtrend or range) and its position against support and resistance, so you compare like with like.
\- Opens any match side by side with today's chart, with the support and resistance zones drawn on both.
\- Measures every move in ATR, so quiet and volatile years compare fairly.

AI Analysis: AI that reads your chart from real numbers
\- Red Candle measures the market structure, swing points and support and resistance zones first, then AI explains them. The AI works from computed numbers, not from guessing at a picture.
\- Uses the same trend and zone rules as Similar Patterns, so both pages tell the same story about your chart.
\- Works with ChatGPT, Gemini or Claude using your own API key, or a free local model with Ollama or LM Studio. Only the numbers it needs are sent to the provider you chose.
\- Stays descriptive: it explains what is on the chart and what happened before, without forecasting prices, giving signals or telling you to buy or sell.

## Facts
- Category: Finance
- Pricing: Subscription
- Platforms: macOS
- Built for: general
- Listed since: November 2026
- Approved tests: 0 (0 total)
- Link: https://redcandle.tech

## Key features
- Find similar chart patterns in your MT5 history
- AI chart analysis of trend, support and resistance
- Private trading journal with pre-trade checklist

## Use cases
- See how past charts like today's played out before taking a trade
- Stop breaking your own trading rules and revenge trading

## Alternative to
Edgewonk, TradeZella and Tradervue.

## FAQ
### Does Red Candle predict where price will go?
No. Red Candle shows how charts like today's played out in your own MT5 history, and AI explains the trend and support and resistance it measured. It describes your data. It doesn't forecast prices, give signals or tell you to buy or sell.

### Can Red Candle see my trades?
No. Your journal, chart screenshots and MT5 candles are stored only on your computer. Red Candle's servers keep just your account and license. If you connect a cloud AI, what you ask it to analyze goes straight to the provider you chose, using your own API key.

### How much does Red Candle cost, and is there a free trial?
Red Candle costs $30 a month or $324 a year, with no free trial. One subscription works on one computer at a time, and you can cancel any time. If your subscription ends, your journal stays open in read-only mode.

### Is RedCandle legit?
RedCandle was listed on IndieAppCircle in November 2026 by Sukma Saputra, who opened it to independent testers. No independent tester has reviewed it here yet. It is distributed through its own website at redcandle.tech. IndieAppCircle is a peer feedback exchange, not a paid-review site: testers earn credits only for feedback the maker accepts, and nobody is paid to be positive.

### What platforms does RedCandle run on?
RedCandle runs on macOS. The maker built it for a general audience.

### Is RedCandle free?
RedCandle uses a subscription.

### What is RedCandle an alternative to?
RedCandle is built as an indie alternative to Edgewonk, TradeZella and Tradervue.

### Is RedCandle still looking for testers?
Yes. The maker pays 15 credits for each approved test on IndieAppCircle.

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Full page: https://www.indieappcircle.com/apps/j57be9kc6z53mksv69mfjap8vn8j5gk7