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Long and short lines

[frame align="right" width="770"] [embed]https://youtu.be/3jKZuMM9hlk[/embed] [/frame] When we are searching for candlestick patterns on the chart, very often, we need to decide if a particular candle is long or short to consider patterns correctly as valid ones or not. It seems to be easy, but, in fact, what one person considers as a long candle another…
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Basic Candles

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [frame align="right" width="370"] [embed]http://youtu.be/vr9p-f4mvPg[/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…
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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: [frame align="right" width="770"] [embed]https://youtu.be/vr9p-f4mvPg[/embed] [/frame] opening price (Open) maximum price (High) minimum price (Low) closing price (Close) The time interval can be of any length…
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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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