About Candle Patterns
The Candle Patterns indicator — part of the DS Essentials package — is an overlay in Technician that will identify bullish and bearish instances of 17 of the most popular candlestick patterns. You can select which patterns you wish to see (the default is for all of them to be active) and you can also select to see only bullish patterns or only bearish patterns. When a pattern is identified, the bars involved in the pattern are outlined and the region is shaded (you can toggle these features on/off) and the name of the pattern is drawn above a bearish pattern and below a bullish pattern.
The Candle Patterns indicator will operate on any bar interval/custom period available in Technician.
Once the indicator has been loaded, you can access the parameters dialog by selecting the indicator menu. You will see a pencil icon to the right of the Candle Patterns menu option:
The Edit/Delete dialog will now be displayed:
Click on the Edit button and the Candle Patterns parameters dialog will be displayed. See the Settings section for a complete description of all of the available parameters.
Three Line Strike
The full Candle Patterns user guide can be found on the Divergence Software website here: http://www.sr-analyst.com/ChartIQHelp/index.html
It should not be assumed that past performance is any guarantee of future results. Results obtained from the use of the DS Essentials Indicator Collection for ChartIQ indicators or any information provided in this User Guide are not guaranteed to be profitable. It should be understood that investing or speculating in the financial markets involves risk and may result in either a partial or total loss of one’s investment capital. The information presented in this User Guide is believed to be reliable, but cannot be guaranteed as to its accuracy or completeness.
Divergence Software, Inc. and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the DS Essentials Indicator Collection for ChartIQ indicators, or the information contained in this User Guide. Neither Divergence Software, Inc. nor ChartIQ offer trading advice of any kind and we are solely involved in the business of financial software development and education.
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