The Candle Pattern Scanner detects common candlestick patterns over multiple instruments and time-frames. More information can be found here.
Showing posts with label Candle Pattern. Show all posts
Showing posts with label Candle Pattern. Show all posts
Tuesday, 18 July 2017
Candle Pattern Scanner (18/7/2018)
Candle Pattern
July 18, 2017
The Candle Pattern Scanner detects common candlestick patterns over multiple instruments and time-frames. More information can be found here.
Wednesday, 21 June 2017
Candle Pattern Scanner
Candle Pattern
June 21, 2017
The Candle Pattern Scanner, identified candles on all subscribed instruments or any selected subset, and displays them as "mini-charts" so that you can quickly identify the trading environment and look for opportunities. It can also provides alerts.
More information can be found here.
Read more ...
More information can be found here.
Monday, 19 June 2017
Release 4 of Candle Pattern Indicator and Scanner
development
June 19, 2017
I've just completed and uploaded new versions for the Candle Pattern Indicator and Candle Pattern Scanner.
Release 4:
For more information see here.
Read more ...
Release 4:
- Some tweaks to the detection algorithm
- Added �pin bar�, �inside bar�, �outside bar�, �3 white soldiers� and �3 black crows�
- Added Bollinger Band as trend filter option
For more information see here.
Wednesday, 3 May 2017
Candle Pattern Indicator and Scanner (Release 3)
development
May 03, 2017
Added email-alerts to the Candle Pattern Indicator and Candle Pattern Scanner. Available on the download server.
More information can be found here and here.
Read more ...
More information can be found here and here.
Monday, 9 January 2017
New Release: Candle Pattern Indicator and Scanner (now with alert notifications)
Candle Pattern
January 09, 2017
I've added alert notifications to the Candle Pattern Indicator and Candle Pattern Scanner.
When alerts are enabled, the indicator will cause an alert (pop-up alert and/or sound) whenever a new candle pattern is detected.
More information can be found here and here.
Read more ...
When alerts are enabled, the indicator will cause an alert (pop-up alert and/or sound) whenever a new candle pattern is detected.
More information can be found here and here.
Friday, 6 January 2017
New Release: Candle Pattern Indicator and Scanner
development
January 06, 2017
I've just uploaded the Candle Pattern Indicator and Scanner. These indicators are now available from the store.
The "indicator" detects and identifies popular candle patterns on the chart.
The "scanner" further enhances this capability by simultaneously analysing multiple instruments at 3 different time-frames. The indicator displays a �mini-chart� for each specified instrument and time-frame combination, showing the currently identified candle pattern (if any).
The following patterns are supported: Doji, Spinning Top, Hammer, Shooting Star, Inverted Hammer, Hanging Man, Marubozu, Bullish Engulfing, Bearish Engulfing, Piercing Line, Dark Cloud, Bullish Harami, Bearish Harami, Morning Star, Evening Star.
Both indicators are now available on the store.
Read more ...
The "indicator" detects and identifies popular candle patterns on the chart.
The "scanner" further enhances this capability by simultaneously analysing multiple instruments at 3 different time-frames. The indicator displays a �mini-chart� for each specified instrument and time-frame combination, showing the currently identified candle pattern (if any).
The following patterns are supported: Doji, Spinning Top, Hammer, Shooting Star, Inverted Hammer, Hanging Man, Marubozu, Bullish Engulfing, Bearish Engulfing, Piercing Line, Dark Cloud, Bullish Harami, Bearish Harami, Morning Star, Evening Star.
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| Candle Pattern Indicator |
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| Candle Pattern Scanner |
Both indicators are now available on the store.
Candle Pattern Scanner
development
January 06, 2017
The Candle Pattern Scanner is an �add-on� for the Candle Pattern Indicator.
The Candle Pattern indicator identifies several popular candle-stick patterns which are then high-lighted on the chart.
The Candle Pattern Scanner further enhances this capability by simultaneously analysing multiple instruments at 3 different time-frames. The indicator displays a �mini-chart� for each specified instrument and time-frame combination, showing the currently identified candle pattern (if any).
This indicator utilizes the Candle Pattern Indicator directly, and therefore uses the same mechanisms and formula to detect the candle patters. Please refer to the Candle Pattern Indicator for details of this operation.
The following patterns are supported: Doji, Spinning Top, Hammer, Shooting Star, Inverted Hammer, Hanging Man, Marubozu, Bullish Engulfing, Bearish Engulfing, Piercing Line, Dark Cloud, Bullish Harami, Bearish Harami, Morning Star, Evening Star.
Educational Links
Read more ...
The Candle Pattern indicator identifies several popular candle-stick patterns which are then high-lighted on the chart.
The Candle Pattern Scanner further enhances this capability by simultaneously analysing multiple instruments at 3 different time-frames. The indicator displays a �mini-chart� for each specified instrument and time-frame combination, showing the currently identified candle pattern (if any).
This indicator utilizes the Candle Pattern Indicator directly, and therefore uses the same mechanisms and formula to detect the candle patters. Please refer to the Candle Pattern Indicator for details of this operation.
The following patterns are supported: Doji, Spinning Top, Hammer, Shooting Star, Inverted Hammer, Hanging Man, Marubozu, Bullish Engulfing, Bearish Engulfing, Piercing Line, Dark Cloud, Bullish Harami, Bearish Harami, Morning Star, Evening Star.
Input Parameters
Screenshots
Educational Links
The following links provide some good background information on candle patterns:
NOTE: Links to third-party sites are provided for your convenience and for informational purposes only.
The indicator is available on the store.
Candle Pattern Indicator
development
January 06, 2017
The Candle Pattern indicator identifies several popular candle-stick patterns which are then high-lighted on the chart.
Many of the identified candle patterns are only valid in a certain trend direction, e.g. a �Shooting star� may only appear in an up-trend. The indicator provides several techniques which can be used to determine the local trend. This is using the �Trend filter� option.
Currently the following �trend filters� are supported:
The �trend filter� can also be turned off (which means patterns can be detected regardless of trend direction).
The indicator provides several options for displaying the identified candle patterns, including labels, tool-tips, shaded rectangle, etc.
A separate �scanner� is also available, which can simultaneously analyse multiple instruments at 3 different time-frames.
Educational Links
Read more ...
The following patterns are supported: Doji, Spinning Top, Hammer, Shooting Star, Inverted Hammer, Hanging Man, Marubozu, Bullish Engulfing, Bearish Engulfing, Piercing Line, Dark Cloud, Bullish Harami, Bearish Harami, Morning Star, Evening Star.
Many of the identified candle patterns are only valid in a certain trend direction, e.g. a �Shooting star� may only appear in an up-trend. The indicator provides several techniques which can be used to determine the local trend. This is using the �Trend filter� option.
Currently the following �trend filters� are supported:
- MVA
- Simple moving average. If the current price is above the moving average line then it is an up-trend; if the current price is below the moving average line then it is a down-trend.
- DMI
- Directional Movement Index. The DMI indicator provides 2 outputs: DI+ and DI-. If DI+ is greater than DI- then it is an up-trend; if DI+ is less than DI- then it is a down-trend.
- RSI
- Relative Strength Index. This oscillator is often used for over-bought / over-sold detection. However, because it is essentially counting the ratio of up-moves to down-moves, it is also quite good at determining local trend. If the RSI level is greater than 60 then it is an up-trend; if the RSI level is less than 40 then it is a down-trend.
The �trend filter� can also be turned off (which means patterns can be detected regardless of trend direction).
The indicator provides several options for displaying the identified candle patterns, including labels, tool-tips, shaded rectangle, etc.
A separate �scanner� is also available, which can simultaneously analyse multiple instruments at 3 different time-frames.
Input Parameters
Screenshots
Educational Links
The following links provide some good background information on candle patterns:
NOTE: Links to third-party sites are provided for your convenience and for informational purposes only.
The indicator is available on the store.
Monday, 28 November 2016
Candle Pattern Indicator
development
November 28, 2016
I'm currently developing a candle pattern indicator. Actually this is something that I had started a year or so ago, but never completed. Finally getting around to finishing it off!
There will actually be 2 indicators (released as a set).
Candle Pattern indicator will detect common Japanese candlestick patterns, e.g. Doji, Spinning Top, Bullish/Bearish Engulfing, Morning Star, Hammer, etc.
Candle Pattern Scanner, will implement the same pattern matching rules, but will do so for a number of instruments (e.g. all forex majors, all forex, all instruments, custom list, etc.). The indicator is similar to my Multi-Indicator indicator and will draw a "min-chart" of the last few candles and the most recently detected candlestick pattern.
This is still a work in-progress, and I only implemented a preliminary subset of candlestick patterns. I also intend to add alerts (e.g. sound/pop-up/email) which can be used to notify the user when a new pattern has formed.
Read more ...
There will actually be 2 indicators (released as a set).
Candle Pattern indicator will detect common Japanese candlestick patterns, e.g. Doji, Spinning Top, Bullish/Bearish Engulfing, Morning Star, Hammer, etc.
Candle Pattern Scanner, will implement the same pattern matching rules, but will do so for a number of instruments (e.g. all forex majors, all forex, all instruments, custom list, etc.). The indicator is similar to my Multi-Indicator indicator and will draw a "min-chart" of the last few candles and the most recently detected candlestick pattern.
This is still a work in-progress, and I only implemented a preliminary subset of candlestick patterns. I also intend to add alerts (e.g. sound/pop-up/email) which can be used to notify the user when a new pattern has formed.
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