| Candlesticks: For PCFs and charts of similar Candlestick formulas: Go to “CANDLES” |
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| CANDLESTICK LINES | |
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Doji(O=C) |
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Doji AND Almost or Near Doji(ABS(O-C)<=((H-L)*0.1)) |
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Black Candle(O>C) |
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Long Black Candle((O>C)AND((O-C)/(.001+H-L)>.6)) |
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Small Black Candle((O>C)AND((H-L)>(3*(O-C)))) |
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White Candle(C>O) |
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Long White Candle((C>O)AND((C-O)/(.001+H-L)>.6)) |
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Small White Candle((C>O)AND((H-L)>(3*(C-O)))) |
| MARUBOZU or Bald Lines: | |
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Black Maubozu((O>C)AND(H=O)AND(C=L)) |
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White Maubozu((C>O)AND(H=C)AND(O=L)) |
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Black Closing Marubozu((O>C)AND(C=L)) |
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White Closing Marubozu((C>O)AND(C=H)) |
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Black Opening Marubozu((O>C)AND(O=H)) |
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White Opening Marubozu((C>O)AND(O=L)) |
PAPER UMBRELLAS ? have strong reversal implications: |
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Hanging Man(((H-L)>4*(O-C))AND((C-L)/(.001+H-L)>=0.75)AND((O-L)/(.001+H-L)>=0.75)) |
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Hammer(((H-L)>3*(O-C))AND((C-L)/(.001+H-L)>0.6)AND((O-L)/(.001+H-L)>0.6)) |
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Inverted Hammer(((H-L)>3*(O-C))AND((H-C)/(.001+H-L)>0.6)AND((H-O)/(.001+H-L)>0.6)) |
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Shooting Star(((H-L)>4*(O-C))AND((H-C)/(.001+H-L)>= 0.75)AND((H-O)/(.001+H-L)>=0.75)) |
| SPINNING TOPS: | |
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Black Spinning Top((O>C)AND((H-L)>(3*(O-C)))AND(((H-O)/(.001+H-L))<.4)AND(((C-L)/(.001+H-L))<.4)) |
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White Spinning Top((C>O)AND((H-L)>(3*(C-O)))AND(((H-C)/(.001+H-L))<.4)AND(((O-L)/(.001+H-L))<.4)) |
| PATTERNS USING CANDLESTICK LINES BEAR PATTERNS: |
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Bearish Abandoned Baby ? very rare ((C1=O1)AND(C2>O2)AND(O>C)AND(L1>H2)AND(L1>H)) |
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Bearish Evening Star or Bearish Evening Doji Star((C2>O2)AND((C2-O2)/(.001+H2-L2)>.6)AND(C2<O1)AND(C1>O1)AND((H1-L1)>(3*(C1-O1)))AND(O>C)AND(O<O1)) |
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Dark Cloud Cover((C1>O1)AND(((C1+O1)/2)>C)AND(O>C)AND(O>C1)AND(C>O1)AND((O-C)/(.001+(H-L))>0.6)) |
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Bearish Engulfing((C1>O1)AND(O>C)AND(O>=C1)AND(O1>=C)AND((O-C)>(C1-O1))) |
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Equis Bearish Engulfing(C1>O1)AND(O>C)AND(O>=C1)AND(O1>=C)AND((O-C)>(C1 O1))AND(STOC9.1>90
OR STOC9.1.1>90ORSTOC9.1.2>90)AND(V>AVGV70)AND((C-C60)>15) |
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CONFIRMS yesterday?s Bearish Engulfing Pattern:Three Outside Down Pattern
((C2>O2)AND(O1>C1)AND(O1>=C2)AND(O2>=C1)AND((O1-C1)>(C2-O2))AND(O>C)AND (C<C1)) |
| BULL PATTERNS: | |
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Bullish Abandoned Baby ? very rare((C1=O1)AND(O2>C2)AND(C>O)AND(L2>H1)AND(L>H1)) |
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Bullish Morning Star or Bullish Morning Doji Star((O2>C2)AND((O2-C2)/(.001+H2-L2)>.6)AND(C2>O1)AND(O1>C1)AND((H1-L1)>(3*(C1-O1)))AND(C>O)AND(O>O1)) |
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Bullish Engulfing((O1>C1)AND(C>O)AND(C>=O1)AND(C1>=O)AND((C-O)>(O1-C1))) |
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Equis Bullish Engulfing((O1>C1)AND(C>O)AND(C>=O1)AND(C1>=O)AND((C-O)>(O1-C1)))AND(STOC9.1<10 OR STOC9.1.1<10ORSTOC9.1.2<10)AND(V >AVGV70)AND((C-C60)<(-15)) |
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CONFIRMS yesterday?s Bullish Engulfing Pattern:Three Outside Up Pattern
((O2>C2)AND(C1>O1)AND(C1>=O2)AND(C2>=O1)AND((C1-O1)>(O2-C2))AND (C>O)AND (C>C1)) |
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Bullish Harami:((O1>C1)AND(C>O)AND(C<=O1)AND(C1<=O)AND((C-O)<(O1-C1))) |
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CONFIRMS yesterday?s Bullish Harami Pattern:Three Inside Up Pattern
((O2>C2)AND(C1>O1)AND(C1<=O2)AND(C2<=O1)AND ((C1-O1)<(O2-C2))AND(C>O)AND(C>C1)AND(O>O1)) |
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Piercing Line: ((C1<O1)AND(((O1+C1)/2)<C)AND(O<C)AND(O<C1)AND(C<O1)AND((C-O)/(.001+(H-L))>0.6)) |
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Bearish Harami:((C1>O1)AND(O>C)AND(O<=C1)AND(O1<=C)AND((O-C)<(C1-O1))) |
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CONFIRMS yesterday?s Bearish Harami Pattern:Three Inside Down Pattern
((C2>O2)AND(O1>C1)AND(O1<=C2)AND(O2<=C1)AND ((O1-C1)<(C2-O2))AND(O>C)AND(C<C1)AND(O<O1)) |
| Three White Soldiers? Bullish Reversal Pattern | |
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Identifying the Pattern 1. Three consecutive long white lines occur, each with a higher close Today: (C>O*1.01) AND (C>C1) Yesterday: (C1>O1*1.01) AND (C1>C2) Day before Yesterday: (C2>O2*1.01) 2. Each opens within the body of the previous day (O<C1) AND (O>O1) (O1<C2) AND (O1>O2) 3. Each should close at or near the high for the day (((H – C) / (H – L)) > .2) (((H1 – C1) / H1 – L1)) >.2) (((H2 – C2) / (H2 – L2)) >.2) Three White Soldiers PCF (C>O*1.01) AND(C1>O1*1.01) AND(C2>O2*1.01) AND(C>C1) AND (C1>C2) AND(O<C1ANDO>O1) AND(O1<C2ANDO1>O2) AND (((H-C)/(H-L))<.2) AND(((H1-C1)/(H1-L1))<.2)AND(((H2-C2)/(H2-L2))<.2) Pattern Breakdown The Three White Soldiers pattern on a daily chart reduces to a long white candlestick on a 3 Days/Bar chart |
| Dark Cloud Cover | |
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Identifying the Pattern1. (Yesterday) The first day is a long white day that is continuing the uptrend
(C1>O1*1.01) Dahl Trend Indicator http://www.tradeon.com/tradeon/tc2000/misc.html#_Hlk468335162 2. (Today) The second day is a black body day with the open above the previous day’s HIGH (O>C) (O>H1) 3. (Today) The second (black) day closes within and below the midpoint of the previous white body. (C>O1) (((C1+O1)/2)>C) Dark Cloud Cover PCF (C1>O1*1.01) AND(O>C) AND(O>H1) AND(C>O1) AND(((C1+O1)/2)>C)AND(C>O1) AND((AVGC13-AVGC13.4)>0)
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| Three Black Crows? Bearish Reversal Pattern | |
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Identifying the Pattern 1. Three consecutive long black daysToday: O>C*1.01Yesterday: O1>C1*1.01 Day before Yesterday: O2>C2*1.01 2. Each day closes at a new low (C<C1) (C1<C2) 3. Each day opens within the body of the previous day (O>C1 AND O<O1) (O1>C2 AND O1<O2) 4. Each day closes at or near its low (((C – L) / (H – L)) < .2) (((C1 – L1) / H1 – L1)) < .2) (((C2 – L2) / (H2 – L2)) < .2) Three Black Crows PCF (O > C * 1.01) AND (O1 > C1 * 1.01) AND (O2 > C2 * 1.01) AND (C < C1) AND (C1 < C2) AND (O > C1) AND (O < O1) AND (O1 > C2) AND (O1 < O2) AND (((C – L) / (H – L)) < .2) AND (((C1 – L1) / (H1 – L1)) < .2) AND (((C2 – L2) / (H2 – L2)) < .2) Pattern Breakdown The Three Black Crows pattern on a daily chart reduces to a long Black candlestick on a 3 Days/Bar chart
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Candlestick Books:Candlestick Charting Basics, Author: Steve Nison Beyond Candlesticks: New Japanese Charting Techniques Revealed Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures Active OnLine Candlestick tutorials: http://www.equis.com/free/taaz/candlesticks.html Additional Sources:http://www.bigeasyinvestor.com . . . Candlestick Techniques Training File . . . Trading Techniques Training File Insider TA Demo: . . .includes Candlestick format
Once you’re “hooked” on candlesticks, read Japanese Candlestick Charting Techniques by Steve Nison Candlestick Charting Explained by Gregory L Morris
CandleStick Forcaster (CSF) Demo:
For a workable current data file; see message 5862 below:
MESSAGE #5862
To create the file (or a better file) for the CSF Demo: On the disk that has the TCMSDATA and TCV3DATA folders, add <new> <folder> rename the new folder TCTXDATA. From the TC2000 menu bar, select <Databank>. Select <Export to Text> List to Export: For the first time, choose a list with 4 or 5 stocks <Add> the Available Data Fields in this order to the Export Fields window: DateMM/DD/YYYY Open High Low Close Exchange Exchange Data Delimiter: Comma Click Multiple Files (named with symbol) Number of Days to Export: 250 (about 1 year) Export Path: . C: (or the disk containing the TCTXDATA folder) . . .TCTXDATA Click Descending Click Export Go to the TCTXDATA Folder and open the folder Double click the first file in the folder; use WORDPAD or any other simple word processor with a REPLACE function In each stock folder, insert a top line: MM/DD/YY,OPEN,HIGH,LOW,CLOSE,VOLUME,OPEN INT Replace All: 1999 with 99 Replace All: 1998 with 98 Replace All: ,Exchange with ,0 (yes ?comma zero?) Sample contents for S (Sears) data file (TCTXDATA folder): MM/DD/YY,OPEN,HIGH,LOW,CLOSE,VOLUME,OPEN INT 06/18/99,49.69,49.88,48.25,48.63,0,0 06/17/99,49,49.06,47.75,48.94,0,0 06/16/99,49.5,49.81,48.38,49.25,0,0 06/15/99,50.19,50.44,49.25,49.5,0,0 06/14/99,49.38,50.69,49.38,50.06,0,0 06/11/99,49.19,49.81,48.63,49.13,0,0 In the CSF Demo, Click <Chart>;
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