A simple Evening Star and Morning Star candlestick patterns Screener

A simple Evening Star and Morning Star candlestick patterns Screener

Here is a simple screener to find both Evening Star and Morning Star candlestick patterns.

The screener returns a signal named “Go”, which can be:

1 = Go long (Morning Star found)

-1 = Go Short (Evening Star found)

A variable named “BaseCandle” represents the first pattern candle from the right, so a search for past patterns can be done.

To the known 3 candles pattern, I added one more black candle to the Morning Star to check previous trend. In the same way, to the Evening Star I added one more white candle.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Maxime Leleux • 01/20/2017 #

    Nice screener but the 2 candelsticks around the doji should be long sticks (red and green). Furthermore, there should ideally be a gap between the 2 long candelsticks and the doji.

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