| Candlesticks: For PCFs and charts of similar Candlestick formulas: Go to "CANDLES" |
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CANDLESTICK LINES |
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Doji (O=C) |
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Doji AND Almost or Near Doji (ABS(O-C)<=((H-L)*0.1)) |
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Black Candle (O>C) |
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Long Black Candle ((O>C)AND((O-C)/(.001+H-L)>.6)) |
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Small Black Candle ((O>C)AND((H-L)>(3*(O-C)))) |
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White Candle (C>O) |
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Long White Candle ((C>O)AND((C-O)/(.001+H-L)>.6)) |
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Small White Candle |
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MARUBOZU or Bald Lines: |
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Black Maubozu ((O>C)AND(H=O)AND(C=L)) |
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White Maubozu ((C>O)AND(H=C)AND(O=L)) |
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Black Closing Marubozu ((O>C)AND(C=L)) |
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White Closing Marubozu ((C>O)AND(C=H)) |
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Black Opening Marubozu ((O>C)AND(O=H)) |
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White Opening Marubozu |
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PAPER UMBRELLAS – have strong reversal implications: |
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Hanging Man (((H-L)>4*(O-C))AND((C-L)/(.001+H-L)>=0.75)AND((O-L)/(.001+H-L)>=0.75)) |
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Hammer (((H-L)>3*(O-C))AND((C-L)/(.001+H-L)>0.6)AND((O-L)/(.001+H-L)>0.6)) |
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Inverted Hammer (((H-L)>3*(O-C))AND((H-C)/(.001+H-L)>0.6)AND((H-O)/(.001+H-L)>0.6)) |
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Shooting Star |
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SPINNING TOPS: |
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Black Spinning Top ((O>C)AND((H-L)>(3*(O-C)))AND(((H-O)/(.001+H-L))<.4)AND(((C-L)/(.001+H-L))<.4)) |
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White Spinning Top |
| PATTERNS USING CANDLESTICK LINES BEAR PATTERNS: |
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Bearish Abandoned Baby – very rare |
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Bearish Evening Star or Bearish Evening Doji Star ((C2>O2)AND((C2-O2)/(.001+H2-L2)>.6)AND(C2<O1)AND(C1>O1)AND((H1-L1)>(3*(C1-O1)))AND(O>C)AND(O<O1)) |
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Dark Cloud Cover ((C1>O1)AND(((C1+O1)/2)>C)AND(O>C)AND(O>C1)AND(C>O1)AND((O-C)/(.001+(H-L))>0.6)) |
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Bearish Engulfing ((C1>O1)AND(O>C)AND(O>=C1)AND(O1>=C)AND((O-C)>(C1-O1))) |
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Equis Bearish Engulfing STOC9.1.1>90ORSTOC9.1.2>90)AND(V>AVGV70)AND((C-C60)>15) |
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CONFIRMS yesterday’s Bearish Engulfing Pattern: Three Outside Down Pattern |
| BULL PATTERNS: | |
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Bullish Abandoned Baby – very rare ((C1=O1)AND(O2>C2)AND(C>O)AND(L2>H1)AND(L>H1)) |
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Bullish Morning Star or Bullish Morning Doji Star ((O2>C2)AND((O2-C2)/(.001+H2-L2)>.6)AND(C2>O1)AND(O1>C1)AND((H1-L1)>(3*(C1-O1)))AND(C>O)AND(O>O1)) |
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Bullish Engulfing ((O1>C1)AND(C>O)AND(C>=O1)AND(C1>=O)AND((C-O)>(O1-C1))) |
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Equis Bullish Engulfing STOC9.1.1<10ORSTOC9.1.2<10)AND(V >AVGV70)AND((C-C60)<(-15)) |
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CONFIRMS yesterday’s Bullish Engulfing Pattern: Three Outside Up Pattern |
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Bullish Harami: |
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CONFIRMS yesterday’s Bullish Harami Pattern: Three Inside Up Pattern |
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Piercing Line: ((C1<O1)AND(((O1+C1)/2)<C)AND(O<C)AND(O<C1)AND(C<O1)AND((C-O)/(.001+(H-L))>0.6)) |
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Bearish Harami: |
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CONFIRMS yesterday’s Bearish Harami Pattern: Three Inside Down Pattern |
| Three White Soldiers Bullish Reversal Pattern |
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Identifying the Pattern 1. Three consecutive long white lines occur, each with Today: (C>O*1.01) AND (C>C1) Yesterday: (C1>O1*1.01) AND (C1>C2) Day before Yesterday: (C2>O2*1.01) 2. Each opens within the body of the previous day (O<C1) AND (O>O1) 3. Each should close at or near the high for the day (((H - C) / (H - L)) > .2) Three White Soldiers PCF Pattern Breakdown |
| Dark Cloud Cover | |
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Identifying the Pattern (C1>O1*1.01) Dahl Trend Indicator http://www.tradeon.com/tradeon/tc2000/misc.html#_Hlk468335162 2. (Today) The second day is a black body day with the open above the previous day's HIGH (O>C) 3. (Today) The second (black) day closes within and below the midpoint of the previous white body. (C>O1) Dark Cloud Cover PCF |
| Three Black Crows Bearish Reversal Pattern |
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Identifying the Pattern
1. Three consecutive long black days Today: O>C*1.01 Yesterday: O1>C1*1.01 Day before Yesterday: O2>C2*1.01 2. Each day closes at a new low (C<C1) 3. Each day opens within the body of the previous day (O>C1 AND O<O1) 4. Each day closes at or near its low (((C - L) / (H - L)) < .2) Three Black Crows PCF Pattern Breakdown |
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Candlestick Books: Candlestick Charting Basics, Author: Steve Nison Beyond Candlesticks: New Japanese Charting Techniques Revealed Active OnLine Candlestick tutorials: http://www.equis.com/free/taaz/candlesticks.html Additional Sources: http://www.bigeasyinvestor.com . . . Candlestick Techniques Training File . . . Trading Techniques Training File Insider TA Demo: . . .includes Candlestick format Once you're "hooked" on candlesticks, read Japanese Candlestick Charting Techniques by Steve Nison Candlestick Charting Explained by Gregory L Morris CandleStick Forcaster (CSF) Demo: For a workable current data file; see message 5862 below: MESSAGE #5862 To create the file (or a better file) for the CSF Demo: On the disk that has the TCMSDATA and TCV3DATA folders, add <new> <folder> rename the new folder TCTXDATA. From the TC2000 menu bar, select <Databank>. Select <Export to Text> List to Export: For the first time, choose a list with 4 or 5 stocks <Add> the Available Data Fields in this order to the Export Fields window: DateMM/DD/YYYY Open High Low Close Exchange Exchange Data Delimiter: Comma Click Multiple Files (named with symbol) Number of Days to Export: 250 (about 1 year) Export Path: . C:\ (or the disk containing the TCTXDATA folder) . . .TCTXDATA Click Descending Click Export Go to the TCTXDATA Folder and open the folder Double click the first file in the folder; use WORDPAD or any other simple word processor with a REPLACE function In each stock folder, insert a top line: MM/DD/YY,OPEN,HIGH,LOW,CLOSE,VOLUME,OPEN INT Replace All: 1999 with 99 Replace All: 1998 with 98 Replace All: ,Exchange with ,0 (yes ‘comma zero’) Sample contents for S (Sears) data file (TCTXDATA folder): MM/DD/YY,OPEN,HIGH,LOW,CLOSE,VOLUME,OPEN INT 06/18/99,49.69,49.88,48.25,48.63,0,0 06/17/99,49,49.06,47.75,48.94,0,0 06/16/99,49.5,49.81,48.38,49.25,0,0 06/15/99,50.19,50.44,49.25,49.5,0,0 06/14/99,49.38,50.69,49.38,50.06,0,0 06/11/99,49.19,49.81,48.63,49.13,0,0 In the CSF Demo, Click <Chart>; |