Japanese Candlestick Patterns Recognition Indicator

This topic contains 53 replies, has 11 voices, and was last updated by  Yannick 1 week, 2 days ago.

Viewing 15 posts - 1 through 15 (of 54 total)
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  • #72877

    Yannick
    Keymaster

    I’m about to make a Candlestick Patterns indicator. I’ve already finished the logic of the indicator and added 2 patterns. Does somebody know a good source for more patterns I could include to this indicator? What patterns are you interested to see in this indicator?

    If you want to test the current version of this Candlestick Patterns indicator, download the file below.

    #73076

    Yannick
    Keymaster

    I have just added 5 more candle patterns.

    • Hammer / Hanging Man
    • Inverted Hammer / Shooting Star
    • Dark Cloud Cover / Piercing Line
    • Three Outside Up / Down
    • Three Inside Up / Down
    • Harimi

    and I will also add “Morning Star / Evening Star”. What pattern should I add else?

    #73957

    greatness
    Participant

    Hi Yannick,

    While this indicator might not be something for me, I would probably be interested in one EA that trades certain patterns so I could backtest how profitable certain patterns are over time.

    I haven’t checked the Beta above, but if you’re looking for patterns, I suggest you just google…
    Maybe this LINK is usefull.

    good luck !! The indicator looks good anyways !! I like the boxes around the patterns.

    #74447

    Yannick
    Keymaster

    The Japanese Candlestick Patterns indicator has now 12 Patterns included. I’ve also just made the product page. You can now buy the full version with a discount of CHF 10 with the code “PATTERNS”. As always free updates are included and suggestions are welcome 🙂

    I will send the newsletter for this product as soon as I get some feedback and made some possible changes.
    https://quivofx.com/indicator/japanese-candlestick-patterns-recognition/

    BTW Thanks for the link greatness 🙂

    #81445

    Max Rene
    Participant

    Yanik Hi,
    I’m already a fan of your indicators, I like the clean design and stability with many open windows.
    Regarding your new candlestick patterns indicator there are two that personally work very well and deserve to be:

    1. Tweezer Tops and Tweezer Bottoms

    and …

    2. Candle intention of range pattern

    Candle Intent Range is all that candle that stands out and is bigger than the “x” above.
    This “x” is the range: be the last 10 candles, 15, 20 …n

    the latter’m not sure if it belongs to the new additions to the “japanese patterns” or belongs to another genre but is a good pattern.

    ……but the Tweezer´s should have to be in the indicator

    regards

    Max

    #81458

    Max Rene
    Participant

    Hello….again and found some information on what I call “candle intention of range”

    http://www.investopedia.com/articles/active-trading/092315/5-most-powerful-candlestick-patterns.asp

    and another also important, I remembered that just happened at the opening of dax right now … Two Black Gapping.

    But the important patron “Three Line Strike” is able to adjust the number of previous bars, 3.4, ….. 10.15, n.

    #81519

    Yannick
    Keymaster

    Thanks for sharing. I think I will include the Tweezer Tops/Tweezer Bottoms and the 3 Line Strike pattern.

    #81633

    Yannick
    Keymaster

    I have just added a ShowText and a ShowRectangle variable, fixed a little bug and the indicators can now display more that one pattern on the same candle (see image below)

    Attachments:
    #81905

    Yannick
    Keymaster

    I have just added the “Tweezer Bottom / Tweezer Top” and the “Bullish Three-Line Strike / Bearish Three-Line Strike” Patterns.

    #81941

    Max Rene
    Participant

    Great, as it allows me to download the indicator let’s see how it works, my payment is still in progress.
    regards

    #81948

    Yannick
    Keymaster

    Great, as it allows me to download the indicator let’s see how it works, my payment is still in progress.

    It’s not your payment that is in progress, its my mail server that has currently some delays and has not sent your purchase receipt yet. I think you will receive it in a few hours. But you do not have to wait for the mail to download your products. You can download them directly in your account.

    #85681

    Yannick
    Keymaster

    Two new patterns are now available. Please download the new version in your account.
    Changelog:
    Added: Bullish Spinning Top / Bearish Spinning Top
    Added: Bullish Squeeze Alert / Bearish Squeeze Alert

    #94133

    Biswas
    Member

    Hi Yannick,
    I just purchased the full version of this indicator. I think its not properly identifying shooting star patterns. Have a look at the screenshot I attached, and I also marked a bar which, to me, is clearly a shooting star.
    Indicator setting has ‘true’ for shooting star pattern.

    Attachments:
    1 user thanked author for this post.
    #94690

    Yannick
    Keymaster

    I think its not properly identifying shooting star patterns. Have a look at the screenshot I attached, and I also marked a bar which, to me, is clearly a shooting star.
    Indicator setting has ‘true’ for shooting star pattern.

    Thanks for reporting. Yes, I is see the error. It is detecting your pattern as an “Inverted Hammer” instead of a “Shooting Star”. I will make the changes this week.

    #96228

    Yannick
    Keymaster

    I have now made the update. You can download the new version (1.05) in your account.
    The indicator will now recognize the patterns like on the picture below. The body can either be bullish or bearish.

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