Yearly Archives: 2014

Basic Candles

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [frame width="370"] [embed][/embed] [/frame] Given the requirement for information on four prices, OHLC, in order to construct a candle, the resulting candle shapes can take on a variety of forms. The body may be very long or very short,…
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Candlestick construction

The construction of the single candlestick, known also as the candle line, is based on the basic data in a single time interval and consists of the following (OHLC) components: opening price (Open) maximum price (High) minimum price (Low) closing price (Close) [frame width="770"] [embed][/embed] [/frame] The time interval can be of any length spanning…
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Patterns supported by CandleScanner

This section is devoted to providing descriptions and information on candlestick patterns, together with comment on their effectiveness. This will evolve over time as candlestick profiles will be continually added. Some of the description will initially draw on the book and material originally authored by JM Lempart and G Zalewski, published by Linia in 2013.…
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