SF - Candlestick patterns
The tool identifies Price Action candlestick patterns
Widget location
To add the "Candlestick patterns" tool to your workspace, first click on the "Widget menu" button in the platform header. Then click on the button of the same name in the "Technical" section.
Tool functionality
Candlestick patterns is a screener that finds and displays Price action candlestick patterns formed on charts in real time. The user receives the information in the form of a table.
The visualization of the model has 3 color values:
Bullish patterns are marked in green.
Bearish patterns are marked in red.
Neutral patterns are marked in gray
There are two filters used in the widget:
timeframe filter;
pattern filter.
The default value of the timeframe filter is 5m. This means that the tool will monitor all charts on a 5-minute timeframe and will send a signal to the user if a Price action pattern is detected. The following timeframes are available:
1m (minute);
5m (five minutes);
15m (fifteen minutes);
30m (thirty minutes);
1h (hourly);
4h (four hours);
1d (daytime);
1w (weekly).
By default, the pattern filter value is not populated. This means that the tool will track all patterns known to it. The following types of Price actio patterns are available:
| The name of the pattern in the widget | Pattern description |
|---|---|
Abandoned_Baby_Bearish. | Bear cub |
Abandoned_Baby_Bullish. | Bull baby |
Clearance_In_The_Clouds_Bullish. | A bull gap in the clouds |
Dark/Cloud_Cover_Bearish. | A veil of dark clouds |
Doji_Dragonfly | Dragon Dodgy |
Doji\Four_Price. | 4-proce Dodgy |
Doji Gravestone | Dodgy tombstone |
Doji_Rickshaw | Ricksha Dodgy and |
Doji\Star | Dodgy Star |
Doji\Star_Bearish. | Dodgy Bear Star |
Doji\Star_Bullish. | Dodgy bull star |
Engulfing_Bearish | Bearish takeover |
Engulfing_Bullish | Bullish takeover |
Engulfing_Full_Size_Bearish. | Full bearish takeover |
Engulfing_Full_Size_Bullish | A complete bullish takeover |
Hammer_Bullish | Bull hammer |
Hanging\Man_Bearish | Bear hangman |
Harami_Bearish | Bear Harami |
Harami_Bullish | Bull Harami |
Harami_Full_Size_Bearish. | Full Haramie Bear |
Harami\_Full_Size_Bullish. | Full bull harami |
Inverted_Hammer_Bearish. | Reverse bear hammer |
Marubozu_Bearish | Bear Marubosu |
Marubozu_Bullish | Bovine Marubosu |
Mat_Hold_Bullish | Bull hold on the tatami |
Morning\Star_Bullish | Bull's morning star |
Pin_Bar_Bearish | Bear pinbar |
Pin_Bar_Bullish | Bullish pinbar |
Shooting\Star_Bearish. | Bear shooting star |
Tasuki_Gap_Downside_Bullish | Tasuki's bullish downward gap. |
Tasuki_Gap_Upside_Bullish | Tasuki's bullish upward gap. |
Three_Black_Crows_Bearish | Three black bear crows |
Three/Falling_Method_Bearish. | Bearish method of three falls |
Three_Rising_Method_Bullish. | The bullish method of three rising |
Three/White/Soldiers_Bullish. | Three white bull soldiers |
Tweezer_Bottom_Bearish. | Bear tweezers |
Tweezer_T_Top_Bullish. | Bull tweezers |
In case the pattern filter is filled, the widget will only send situations with marked patterns.
The widget table has the following columns with data:
Column for adding/removing the traded asset to/from the list(s) favorites⭐
SYMBOL - name of the ticker, for which the signal has come.
PATTERN - name of the Price action pattern, the signal with which came to the widget.
When you click on a specific signal, an eye icon is displayed next to the name. This is a switch that when a user has the Chart widget, synchronized with Candlestick patterns, automatically displays the pattern on the chart.
Automatic pattern display on the chart
Like all tools SpreadFighter, Candlestick patterns has the ability to synchronize with other tools marked with the same color. When you click on a specific signal, all synchronized tabs will switch to the corresponding ticker.
Model Description
Candlestick patterns is a tool that allows traders to automate the process of finding different Price Action patterns on the charts of cryptocurrency assets.
The scanner uses complex algorithms and technical indicators to automatically analyze a large amount of data and highlight the most significant Price action patterns
Price Action patterns can provide valuable information about possible trend reversals or continuation of the current trend, which is important information for making decisions about entering or exiting trades.
How do you use Candlestick patterns?
Candlestick patterns help traders to save a significant amount of time that previously had to be spent manually analyzing charts. Allows you to find promising trading setups that fit the trader's strategy.
The tool helps to detect highly profitable Price Action patterns that may not be obvious to a trader analyzing charts manually.
Candlestick patterns are an essential part of any advanced raider who utilizes Price Action techniques in their trading strategy.
The tool reveals itself most fully when used in conjunction with Formations.
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