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Candlestick Patterns

This indicator improves traditional candlestick pattern detection by incorporating market mean-reversion phases and volume analysis, providing higher accuracy and reliability in trading signals.

Bearish candlestick patterns

Hanging Man (HM)

A bearish reversal pattern occurring after an uptrend, signaling potential selling pressure. The pattern is validated by mean-reversion zones to confirm trend exhaustion.

Candlestick Patterns documentation illustration
Shooting Star (S)

A potential bearish reversal pattern where the price closes near its low after a long upper shadow. It is filtered to appear only in relevant reversion phases.

Candlestick Patterns documentation illustration
Bearish Engulfing (EG)

A strong bearish signal when a larger down candle completely engulfs the prior up candle. Market phase analysis ensures it appears in high-probability scenarios.

Candlestick Patterns documentation illustration
Falling 3 (F3)

A bearish continuation pattern that indicates downward momentum after a period of consolidation. It is displayed only in relevant market contexts.

Three Black Crows (3BC)

Three consecutive bearish candles signaling sustained bearish momentum. The pattern is validated by mean-reversion data.

Evening Star (E)

A bearish reversal pattern marking a shift in trend, confirmed through market phase filtering to enhance accuracy.

Candlestick Patterns documentation illustration
Bearish Harami (H)

A weaker bearish reversal pattern appearing during retracement phases, validated by trend exhaustion signals.

Candlestick Patterns documentation illustration
Tweezer Top (TT)

A pattern indicating rejection of higher prices, appearing in phase-analyzed conditions to confirm exhaustion.

Candlestick Patterns documentation illustration
Bearish Doji

A Bearish Doji forms after an extended uptrend and suggests that buying momentum is weakening.

Candlestick Patterns documentation illustration

Bullish candlestick patterns

Hammer (H)

A bullish reversal pattern occurring after a downtrend. The indicator filters this pattern to show only in validated reversion phases.

Candlestick Patterns documentation illustration
Inverted Hammer (IH)

A potential bullish reversal signal appearing after a downtrend. It is optimized by market phase analysis to increase reliability.

Candlestick Patterns documentation illustration
Bullish Engulfing (EG)

A strong bullish signal where a larger up candle engulfs the prior down candle. Only shown when validated by reversion zones.

Candlestick Patterns documentation illustration
Rising 3 (R3)

A bullish continuation pattern that signals upward momentum after a pause. It is filtered to ensure relevance to market phases.

Three White Soldiers (3WS)

Three consecutive bullish candles signaling strong upward momentum. The indicator validates this pattern in mean-reversion phases.

Morning Star (M)

A bullish reversal pattern indicating a shift in trend, confirmed by phase-based market filtering.

Candlestick Patterns documentation illustration
Bullish Harami (H)

A weaker bullish reversal signal appearing during retracement phases, optimized to reduce false positives.

Candlestick Patterns documentation illustration
Tweezer Bottom (TB)

A pattern signaling rejection of lower prices, validated by market exhaustion analysis to confirm a reversal.

Candlestick Patterns documentation illustration
Bullish Doji

A Bullish Doji appears after a downtrend and reflects market indecision as sellers begin to lose strength.

Candlestick Patterns documentation illustration

The candle has a small body with long wicks, indicating that although price moved during the session, it closed near its open.

This pause often signals a potential shift in sentiment. When confirmed by a strong bullish candle (like a bullish engulfing or hammer), it can mark the beginning of a reversal to the upside.

Volume Data

The displayed volume corresponds to the total volume of all bars contributing to the formation of the pattern:

Candlestick Patterns documentation illustration

Volume data provides insights into the strength and reliability of each pattern.

Settings

Candlestick Patterns documentation illustration
Settings Description
Toggle display patterns toggle
Pattern options

All (to show every supported pattern).

Hammer, Engulfing, Rising 3, Three White Soldiers, Star (Morning/Evening/Shooting), Harami, Tweezer Top/Bottom, Doji, Hanging Man, Falling 3, Three Black Crows