Check our CandleScanner software and start trading candlestick patterns!
This section is devoted to providing descriptions and information on candlestick patterns, together with comment on their effectiveness.
We recommend also to check our Chart School.
- Seiki Shimizu (The Japanese Chart of Charts)
- Steve Nison (Japanese Candlestick Charting Techniques)
- Thomas Bulkowski (Encyclopedia of Candlestick Charts)
- Greg Morris (Candlestick Charting Explained: Timeless Techniques for Trading Stock and Futures)
The team responsible for developing CandleScanner has spent a considerable amount of time (spanning several years) on the analysis, on comparisons and on tests between what different authors had to say on the subject of candlesticks and candlestick patterns. It so happens, that even between well-known authors, and their publications, there are differences, and even contradictions, on how to apply and interpret candlestick patterns. CandleScanner attempts to remain true to the spirit of the original Japanese formulation(s). Notwithstanding, rather than take and implement a rigid approach, the software also provides the opportunity for users to control various parameters.
- Basic candles (20 in total)
- One-line patterns (12 in total)
Bearish Belt Hold Hammer Southern Doji Bullish Belt Hold Hanging Man Takuri Line Gapping Down Doji Northern Doji Bearish Strong Line Gapping Up Doji One-Candle Shooting Star Bullish Strong Line - Two-line patterns (36 in total)
- Three-line patterns (28 in total)
- Four-line patterns (3 in total)
Concealing Baby Swallow Bearish Three-Line Strike Bullish Three-Line Strike - Five-line patterns (7 in total)
Bearish Breakaway Ladder Bottom Rising Three Methods Bullish Breakaway Ladder Top Falling Three Methods Mat Hold
Bullish Separating Lines | Gapping Up Doji | Rising Window |
Bullish Side-by-Side White Lines | Mat Hold | Upside Gap Three Methods |
Bullish Three-Line Strike | Rising Three Methods | Upside Tasuki Gap |
In CandleScanner you can also use Patterns Dictionary panel available in the ribbon bar HOME » New Window menu as a quick reference.