Candlestick Patterns
Single or multi-candle formations that reveal market sentiment and potential reversal points through the relationship between open, high, low, and close prices.
11 conditions of this category are available in the strategy builder and to the agent. Each one lists the operators it accepts and what it can be compared with. How conditions work is explained in Indicators and conditions.
Hammer
Bullish reversal candlestick with small body and long lower shadow. Best for: Entry orders reversal entries at downtrend bottoms. Guide: Pattern indicates potential bullish reversal when appearing after decline.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Hanging Man
Bearish reversal candlestick with small body and long lower shadow. Best for: Take profit reversal signals at uptrend tops. Guide: Pattern indicates potential bearish reversal when appearing after advance.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Doji
Indecision candlestick with equal open/close prices. Best for: Close orders market indecision signals & trend uncertainty. Guide: Cross-like appearance indicates potential trend reversal.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Dragonfly Doji
Bullish reversal doji with long lower shadow, no upper shadow. Best for: Entry orders bullish reversal entries. Guide: Open, high, and close at same level indicates buying pressure.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Gravestone Doji
Bearish reversal doji with long upper shadow, no lower shadow. Best for: Take profit bearish reversal signals. Guide: Open, low, and close at same level indicates selling pressure.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Bullish Engulfing
Two-candle bullish reversal where large green candle engulfs previous red. Best for: Entry orders strong bullish reversal entries. Guide: Indicates strong buying pressure and potential upward reversal.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Bearish Engulfing
Two-candle bearish reversal where large red candle engulfs previous green. Best for: Take profit strong bearish reversal signals. Guide: Indicates strong selling pressure and potential downward reversal.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Morning Star
Three-candle bullish reversal: bearish, small star, bullish candles. Best for: Entry orders major bullish reversal entries. Guide: Pattern indicates potential trend reversal from bearish to bullish.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Evening Star
Three-candle bearish reversal: bullish, small star, bearish candles. Best for: Take profit major bearish reversal signals. Guide: Pattern indicates potential trend reversal from bullish to bearish.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Piercing Pattern
Two-candle bullish reversal where green candle pierces above red candle midpoint. Best for: Entry orders bullish reversal entries. Guide: Pattern indicates potential upward reversal.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
Dark Cloud Cover
Two-candle bearish reversal where red candle covers above green candle midpoint. Best for: Take profit bearish reversal signals. Guide: Pattern indicates potential downward reversal.
A pattern: it is either present on the bar or not, so it takes no operator and no value.
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