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On this page
  • Bearish candlestick patterns
  • Hanging Man (HM)
  • Shooting Star (S)
  • Bearish Engulfing (BEG)
  • Falling 3 (F3)
  • Three Black Crows (3BC)
  • Evening Star (ES)
  • Bearish Harami (BH)
  • Tweezer Top (TT)
  • Bullish candlestick patterns
  • Hammer (H)
  • Inverted Hammer (IH)
  • Bullish Engulfing (BEG)
  • Rising 3 (R3)
  • Three White Soldiers (3WS)
  • Morning Star (MS)
  • Bullish Harami (BH)
  • Tweezer Bottom (TB)
  • Volume Data
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  2. Market Waves Pro ™

Candlestick Patterns

PreviousVoltix BandsNextMarket Dashboard

Last updated 11 days ago

This indicator improves traditional candlestick pattern detection by incorporating market mean-reversion phases and volume analysis, providing higher accuracy and reliability in trading signals. The combination of price action, market phases, and aggregated volume ensures a more robust understanding of market movements and the strength behind pattern formations.


Bearish candlestick patterns

Hanging Man (HM)

A bearish reversal pattern occurring after an uptrend, signaling potential selling pressure. The pattern is validated by mean-reversion zones to confirm trend exhaustion.

Shooting Star (S)

A potential bearish reversal pattern where the price closes near its low after a long upper shadow. It is filtered to appear only in relevant reversion phases.

Bearish Engulfing (BEG)

A strong bearish signal when a larger down candle completely engulfs the prior up candle. Market phase analysis ensures it appears in high-probability scenarios.

Falling 3 (F3)

A bearish continuation pattern that indicates downward momentum after a period of consolidation. It is displayed only in relevant market contexts.

Three Black Crows (3BC)

Three consecutive bearish candles signaling sustained bearish momentum. The pattern is validated by mean-reversion data.

Evening Star (ES)

A bearish reversal pattern marking a shift in trend, confirmed through market phase filtering to enhance accuracy.

Bearish Harami (BH)

A weaker bearish reversal pattern appearing during retracement phases, validated by trend exhaustion signals.

Tweezer Top (TT)

A pattern indicating rejection of higher prices, appearing in phase-analyzed conditions to confirm exhaustion.


Bullish candlestick patterns

Hammer (H)

A bullish reversal pattern occurring after a downtrend. The indicator filters this pattern to show only in validated reversion phases.

Inverted Hammer (IH)

A potential bullish reversal signal appearing after a downtrend. It is optimized by market phase analysis to increase reliability.

Bullish Engulfing (BEG)

A strong bullish signal where a larger up candle engulfs the prior down candle. Only shown when validated by reversion zones.

Rising 3 (R3)

A bullish continuation pattern that signals upward momentum after a pause. It is filtered to ensure relevance to market phases.

Three White Soldiers (3WS)

Three consecutive bullish candles signaling strong upward momentum. The indicator validates this pattern in mean-reversion phases.

Morning Star (MS)

A bullish reversal pattern indicating a shift in trend, confirmed by phase-based market filtering.

Bullish Harami (BH)

A weaker bullish reversal signal appearing during retracement phases, optimized to reduce false positives.

Tweezer Bottom (TB)

A pattern signaling rejection of lower prices, validated by market exhaustion analysis to confirm a reversal.


Volume Data

This indicator integrates aggregated volume data into its pattern analysis to provide additional confirmation. The displayed volume corresponds to the total volume of all bars contributing to the formation of the pattern:

Volume data provides insights into the strength and reliability of each pattern. Patterns formed with higher volume suggest strong market participation, indicating a higher likelihood of follow-through. Conversely, patterns with lower volume may signal weaker signals, encouraging caution. By combining market phase validation and volume analysis, this indicator ensures comprehensive and data-driven trade analysis.