Candlestick Pro

WHAT IS IT?

Candlestick patterns identify potential reversals and continuations based on the open, close, high, and low relationship across one to three bars. Patterns include Bullish and Bearish Engulfing, Morning Star, Evening Star, Hammer, Shooting Star, Dragonfly Doji, Gravestone Doji, and Doji. Standard implementations fire on every occurrence regardless of trend context, generating many low-probability signals.

INDICATOR PRIME IMPROVEMENTS

Candlestick Pro detects nine patterns with a strict priority hierarchy ensuring only one pattern is claimed per bar per direction. A 200 EMA directional filter suppresses bullish patterns in downtrends and bearish patterns in uptrends. ATR-scaled highlight boxes mark each pattern with configurable padding, opacity, and side spacing. An adjacency guard prevents overlapping boxes when patterns appear in consecutive bars. Label distance, font size, connector width, and text colors are all customizable.

HOW TO USE

Look for patterns at key structural levels: Engulfing patterns at support and resistance zones, Hammers at recent swing lows, Shooting Stars at swing highs. The 200 EMA filter ensures directional backing for every signal. On higher timeframes (4H, Daily) Morning Stars and Evening Stars are particularly reliable reversal signals for swing trading. On lower timeframes, Engulfing patterns with above-average ATR range carry the most weight.

KIT CONFLUENCE

Candlestick Pro is the final entry trigger in the Price Action Kit. A bullish Engulfing at a Master Support & Resistance Zone is significantly stronger than a free-floating pattern. Smart Fibonacci Zone levels at 61.8% or 78.6% with a Hammer or Morning Star are among the highest-probability setups in this kit.

Click here to get the Price Action Kit