THD Candlestick Patterns — Indicator by gailmercer

Candlestick Analysis candlestickspatterns

The THD Candlestick Patterns identify the most important candlestick patters for trading support and resistance.

Release Notes:

Refined bullish and bearish pivot highs and lows.

Release Notes:

Since most candlesticks can have more than one name, I refined the candlestick patterns to either Bullish or Bearish. Also, added the IB Bear and IB Bull bar (IB is inside bar formation). Also added the Ghost Pivot formation but the next bar should always follow the direction of the Ghost formation. For example, a ghost bearish indicates the next bar should be bearish. These formations also need to appear at an area of support or resistance (ie not in the "middle of nowhere".

Release Notes:

Added the marubozu and engulfing patterns.

Release Notes:

Changed location of text for Bullish Marubozu.

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