Recent Posts by George Matysiak

Backtesting Part 2

In this blog article we look we look at how easy it is to set-up the conditions in CandleScanner in order to perform a backtest.

First we need to customize the settings for the backtest, defining the entry and exit conditions. For the sake of illustration we assume the default entry...

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Backtesting Part 1


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 analytical method...

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Black Candle

See our Patterns Dictionary for other patterns.

Check our CandleScanner software and start trading candlestick patterns!

Forecast: reversal or continuation of a trend
Trend prior to the pattern: n/a
Opposite candlestick: White Candle


  • black body
  • upper and lower shadows required
  • none of the shadows can be longer than the body
  • appears on as...
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Blending candlesticks

In this short article we would like to introduce the notion of blending candlesticks, which will subsequently be followed-up by further detailed articles.

We can ‘blend’ different adjacent candlesticks to form a single candlestick, thus summarising the outcome over several periods in one candle. We can blend candles of similar frequency over any time scales for...

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