# Candlestick Patterns

<mark style="color:$info;">This indicator improves traditional candlestick pattern detection by incorporating market mean-reversion phases and volume analysis, providing higher accuracy and reliability in trading signals.</mark>&#x20;

<mark style="color:$info;">The combination of price action, market phases, and aggregated volume ensures a more robust understanding of market movements and the strength behind pattern formations.</mark>

{% embed url="<https://www.youtube.com/watch?v=mvCIDZNouMc>" %}

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## <mark style="color:$danger;">**Bearish**</mark> <mark style="color:$danger;"></mark><mark style="color:$danger;">candlestick patterns</mark>

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<summary>Hanging Man (HM)</summary>

<mark style="color:$info;">A bearish reversal pattern occurring after an uptrend, signaling potential selling pressure. The pattern is validated by mean-reversion zones to confirm trend exhaustion.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FlqCWZc2vTeSGnJb17bJN%2Fimage.png?alt=media&#x26;token=808c2724-15b6-45b1-98da-d8cc496a9c04" alt=""><figcaption></figcaption></figure>

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<summary>Shooting Star (S)</summary>

<mark style="color:$info;">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.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FRK9tgVBGTTJExE9Pxfrp%2Fimage.png?alt=media&#x26;token=0c712639-4e36-427e-8060-7c3c7e2c8e4e" alt=""><figcaption></figcaption></figure>

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<summary>Bearish Engulfing (BEG)</summary>

<mark style="color:$info;">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.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2Fs2jcKKbBQeQvQrCRdF8s%2Fimage.png?alt=media&#x26;token=3a3bac66-1c0f-4558-ac47-1f9c86774c90" alt=""><figcaption></figcaption></figure>

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<summary>Falling 3 (F3)</summary>

<mark style="color:$info;">A bearish continuation pattern that indicates downward momentum after a period of consolidation. It is displayed only in relevant market contexts.</mark>

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<summary>Three Black Crows (3BC)</summary>

<mark style="color:$info;">Three consecutive bearish candles signaling sustained bearish momentum. The pattern is validated by mean-reversion data.</mark>

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<summary>Evening Star (ES)</summary>

<mark style="color:$info;">A bearish reversal pattern marking a shift in trend, confirmed through market phase filtering to enhance accuracy.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FeHpGt1NT83dNX3xxwKsS%2Fimage.png?alt=media&#x26;token=d869f82b-c766-4d84-bf04-348239206fee" alt=""><figcaption></figcaption></figure>

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<summary>Bearish Harami (BH)</summary>

<mark style="color:$info;">A weaker bearish reversal pattern appearing during retracement phases, validated by trend exhaustion signals.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FB8tkwgC1J3KzF59bzCXP%2Fimage.png?alt=media&#x26;token=f0406974-c221-40d5-95b6-fcf0f7978c50" alt=""><figcaption></figcaption></figure>

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<summary>Tweezer Top (TT)</summary>

<mark style="color:$info;">A pattern indicating rejection of higher prices, appearing in phase-analyzed conditions to confirm exhaustion.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2F9ivAXEBUrPEkcaEEOYdF%2Fimage.png?alt=media&#x26;token=97c5fa53-18e3-470e-983e-5513dd63ef62" alt=""><figcaption></figcaption></figure>

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<summary>Bearish Doji</summary>

<mark style="color:$info;">A Bearish Doji forms after an extended uptrend and suggests that</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**buying momentum is weakening**</mark><mark style="color:$info;">.</mark>&#x20;

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2Fr1DU5YyiRx6qHE0ncnKE%2Fimage.png?alt=media&#x26;token=23538b7f-69eb-4f94-ba47-1b484327eba5" alt=""><figcaption></figcaption></figure>

<mark style="color:$info;">Despite price fluctuations during the session, the close near the open shows uncertainty or hesitation among buyers. If followed by a bearish confirmation candle (like a shooting star or bearish engulfing), it may indicate the start of a</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**downward reversal**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">or short-term correction.</mark>

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## <mark style="color:$success;">**Bullish candlestick patterns**</mark>

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<summary>Hammer (H)</summary>

<mark style="color:$info;">A bullish reversal pattern occurring after a downtrend. The indicator filters this pattern to show only in validated reversion phases.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FRQzm2mwB0hFy4XlDUHzT%2Fimage.png?alt=media&#x26;token=a506abfc-345f-4114-b49f-8ef2f0a86ac1" alt=""><figcaption></figcaption></figure>

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<summary>Inverted Hammer (IH)</summary>

<mark style="color:$info;">A potential bullish reversal signal appearing after a downtrend. It is optimized by market phase analysis to increase reliability.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FZDcvSxghRNX3g5AfeUPm%2Fimage.png?alt=media&#x26;token=3bd5c3a1-3bcc-4fc1-99ec-aed8a11e1d91" alt=""><figcaption></figcaption></figure>

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<summary>Bullish Engulfing (BEG)</summary>

<mark style="color:$info;">A strong bullish signal where a larger up candle engulfs the prior down candle. Only shown when validated by reversion zones.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2F6ef2lwyw7MPpdlkAq8Ux%2Fimage.png?alt=media&#x26;token=214fb0e9-038b-46b9-9b63-70ae00f3171f" alt=""><figcaption></figcaption></figure>

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<summary>Rising 3 (R3)</summary>

<mark style="color:$info;">A bullish continuation pattern that signals upward momentum after a pause. It is filtered to ensure relevance to market phases.</mark>

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<summary>Three White Soldiers (3WS)</summary>

<mark style="color:$info;">Three consecutive bullish candles signaling strong upward momentum. The indicator validates this pattern in mean-reversion phases.</mark>

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<summary>Morning Star (MS)</summary>

<mark style="color:$info;">A bullish reversal pattern indicating a shift in trend, confirmed by phase-based market filtering.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FDDies5Xj1slM366uR0RD%2Fimage.png?alt=media&#x26;token=542009a8-ed2d-4e1c-b662-732eaea9503e" alt=""><figcaption></figcaption></figure>

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<summary>Bullish Harami (BH)</summary>

<mark style="color:$info;">A weaker bullish reversal signal appearing during retracement phases, optimized to reduce false positives.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FfyAyCn31QCWAhosJmtRt%2Fimage.png?alt=media&#x26;token=8a443277-8768-48aa-a3ce-e35ab3dd7c5b" alt=""><figcaption></figcaption></figure>

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<summary>Tweezer Bottom (TB)</summary>

<mark style="color:$info;">A pattern signaling rejection of lower prices, validated by market exhaustion analysis to confirm a reversal.</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FLXcM18AzvczWkhJb3ixH%2Fimage.png?alt=media&#x26;token=304a2bf1-bb7a-4b24-b19a-b8d5084603e4" alt=""><figcaption></figcaption></figure>

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<summary>Bullish Doji</summary>

<mark style="color:$info;">A Bullish Doji appears after a downtrend and reflects market indecision as sellers begin to lose strength.</mark>&#x20;

<div align="left"><figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2F0zfvpNz01YR7qB8Tx5CE%2Fimage.png?alt=media&#x26;token=90847c1b-97f8-41fb-987c-145a1a9f9621" alt=""><figcaption></figcaption></figure></div>

<mark style="color:$info;">The candle has a small body with long wicks, indicating that although price moved during the session, it closed near its open.</mark>&#x20;

<mark style="color:$info;">This pause often signals a potential</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**shift in sentiment**</mark><mark style="color:$info;">. When confirmed by a strong bullish candle (like a bullish engulfing or hammer), it can mark the</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**beginning of a reversal to the upside**</mark><mark style="color:$info;">.</mark>

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## Volume Data

<mark style="color:$info;">This indicator integrates aggregated volume data into its pattern analysis to provide additional confirmation.</mark>&#x20;

<mark style="color:$info;">The displayed volume corresponds to the total volume of all bars contributing to the formation of the pattern:</mark>

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FiTR8DMaDFJ6EOAlCwzDG%2Fimage.png?alt=media&#x26;token=93d3c053-500a-4416-8d0c-193f59af384d" alt=""><figcaption></figcaption></figure>

<mark style="color:$info;">Volume data provides insights into the strength and reliability of each pattern.</mark>&#x20;

<mark style="color:$info;">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.</mark>&#x20;

{% hint style="info" %} <mark style="color:$info;">By combining market phase validation and volume analysis, this indicator ensures comprehensive and data-driven trade analysis.</mark>
{% endhint %}

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## Settings

<div data-with-frame="true"><figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FCzFufvkdAXdV6pYSTe24%2Fimage.png?alt=media&#x26;token=607a89b8-154f-4b72-b080-f3101c870efa" alt=""><figcaption></figcaption></figure></div>

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### Settings

1. **Pattern Display** <mark style="color:$info;">– Select which candlestick pattern to highlight on the chart.</mark>&#x20;

<mark style="color:$info;">Options include:</mark>

&#x20;<mark style="color:$info;">Hammer, Engulfing, Rising 3, Three White Soldiers, Star (Morning/Evening/Shooting), Harami, Tweezer Top/Bottom, Doji, Hanging Man, Falling 3, Three Black Crows,</mark>&#x20;

<mark style="color:$info;">or All (to show every supported pattern).</mark>
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