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Configuring Candlestick Indicators 

There are 2 parameters for the Candlestick indicators BarsBack and MinBars.


 

Configuring Candlestick Conditions 

All candlesticks have "Detected" as an output indicator and a condition to detect the candlestick formation is automatically generated.


 

Configuring Candlesticks on the Chart 

To chart the candlestick indicator, select the indicator with the selection button as shown below. The default annotation is a small dot, which can be changed to a larger annotation.


 

Abandoned Baby Bottom 

This formation consists of three candlesticks.


 

Abandoned Baby Top 

This formation consists of three candlesticks. The middle candlestick is a doji which gaps up from both the first and third candlestick.


 

Advance Block 

This formation consists of a series of three white candlesticks. which show a weaking uptrend, and diminishing buying power. Each close is progressively higher while either the candlesticks' real body size decreases or the top shadows get longer.


 

Belt Hold Line Bear 

This is a long black candlestick that opens at its high. In an uptrend this would be considered a bearish indicator. This formation is also called a black opening shaven head.


 

Belt Hold Line Bull 

This is a long white candlestick that opens at its low. In an downtrend this would be considered a bullish indicator.


 

Counter Attack Bear 

This formation consists of two candlesticks. The first candlestick is white, the second black. The second candlestick opens sharply higher but closes unchanged from the prior session. When this occurs, it indicates that buyers and sellers are at a stand off.


 

Counter Attack Bull 

This formation consists of two candlesticks. The first candlestick is black, the second white. The second candlestick opens sharply lower but closes unchanged from the prior session. When this occurs, it indicates that buyers and sellers are at a stand off.


 

Dark Cloud Cover 

This formation consists of two candlesticks. The first candlestick is long and white the second is long and black. The black candlestick opens above the high of the white candlestick but then closes below the midpoint of the white candlesticks's real body.


 

Engulfing Line Bear 

This formation consists of two candlesticks. The first candlestick is white the second is black. The second candlestick's open is higher than the first but then closes below the first's open.


 

Engulfing Line Bull 

This formation consists of two candlesticks. TThe first candlestick is black the second is white. The second candlestick's open is lower than the first but then closes higher then the first's open


 

Evening Doji Star 

This formation consists of three candlesticks. The first is a long white candlestick, the second is a Doji and the third is a small black candlestick. The Doji gaps above both the white and black candlestick.


 

Evening Star 

This formation consists of three candlesticks. This formation is similar to the Evening Doji Star except that the middle candlestick is a small real body instead of a Doji.


 

Falling 3 Method 

This formation consists of five candlesticks. The first candlestick is long and black, it is followed by three small white bodies each of which closes higher than the prior one


 

Gravestone Doji 

This candlestick is a Doji in which the open and the close are at the low. This candlestick could signal a possible reversal at market tops.


 

Hammer 

The hammer is a candlestick that is made of a small black body with a very long lower shadow. The open is at or near the high. In a downtrend market this is a bottoming signal.


 

Hanging Man 

The hanging man is a candlestick that is made of a small white body with a very long lower shadow. The close is at or near the high. In an uptrend market this indicates a potential market top.


 

Harami Black 

This formation consists of two candlesticks. The first is a long black body, the second is a short white body. The white candlestick's range is within the range of the black candlestick.


 

Harami Cross Black 

This formation consists of two candlesticks. This formation is similar to the HaramiBlack except that the second candlestick is a Doji.


 

Harami Cross White 

This formation consists of two candlesticks. This formation is similar to the Harami White except that the second candlestick is a Doji.


 

Harami White 

This formation consists of two candlesticks. The first is a long white body, the second is a short black body. The black candlestick's range is within the range of the white candlestick.


 

High Wave 

This candlestick consists of a small, white or black real body and a long upper or lower shadow.


 

In Neck Line 

This formation consists of two candlesticks. The first is long and black the second is a short white real body. The close of the white candlestick is above the low of the black one.


 

Inverted Hammer 

This candlestick has a very small real body with a very long top shadow.


 

Long legged Doji 

This candlestick is a Doji with a long upper and lower shadow. It can be a sign of a market reversal.


 

Mat Hold Pattern 

This formation consists of two candlesticks.


 

Morning Doji Star 

This formation is the same as the Morning Star except a Doji appears instead of a small white body.


 

Morning Star 

This formation consists of three candlesticks.


 

Piercing Line 

This formation consists of two candlesticks.


 

Rising 3 Method 

This formation consists of five candlesticks.


 

Separating Line Bear 

This formation consists of two candlesticks.


 

Separating Line Bull 

This formation consists of Two candlesticks. A black candlestick is followed by a white candlestick. Both candlesticks have the same open.


 

Shooting Star 

This candlestick is a small body with a long upper shadow and little or no lower shadow. When this appears in an uptrend it is bearish signal.


 

Side by Side White Gap Down 

This formation consists of two white candlesticks which are about the same size.


 

Side by Side White Gap Up 

This formation consists of two white candlesticks which are about the same size.


 

Stalled Pattern 

This formation consists of two candlesticks.


 

Tasuki Downside Gap 

This formation consists of three candlesticks. The first is a long black body, the second is a small black body and the third is a small white body.


 

Tasuki Upside Gap 

This formation consists of three candlesticks. The first is a long white body, the second is a small white body and the third is a small black body.


 

Three Gaps Down 

This formation consists of three candlesticks, each gaps progressively lower. When formation appears in an downtrend it is a sign that selling power may be diminishing.


 

Three Gaps Up 

This formation consists of three candlesticks, each gaps progressively higher. When formation appears in an uptrend it is a sign that buying power may be diminishing.


 

Three White Soldiers 

This formation consists of three white candlesticks.


 

Thrusting Line 

This formation consists of two candlesticks.


 

Upside Gap 2 Crows 

This formation consists of three candlesticks.