Monthly Archives: January 2015

High Wave

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4594" align="alignright" width="126"] Figure 1. High Wave (basic candle).[/caption] Japanese name: takane nochiai Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: none Construction: a black or white body very small body at least one…
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Long-Legged Doji

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4576" align="alignright" width="126"] Figure 1. Long-Legged Doji (basic candle).[/caption] Japanese name: juji, yose Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: none Related candle: High Wave Construction: a doji candle opening and closing prices…
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Black Marubozu

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4586" align="alignright" width="126"] Figure 1. Black Marubozu (basic candle).[/caption] Japanese name: marubozu, bozu Forecast: reversal or continuation of a trend Trend prior to the pattern: n/a Opposite candlestick: White Marubozu Construction: black body lack of shadows appears on…
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Backtesting Part 1

Introduction In this article we introduce the notion of backtesting and its implementation in CandleScanner, which will be discussed over several articles. There is an extensive, and technical, literature on backtesting, including pitfalls, and here we can only scratch the surface. Backtesting can concisely be described as ‘…the process of applying a trading strategy or…
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