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This index acknowledges more than 30 routines of japanese candlesticks and superbly highlights them on the graph. It’s only one of those indicators without
which dealers can’not live with.

• Boost your technical evaluation overnight
• it is easy to identify the patterns of Japanese candlesticks
• Trade dependable and versatile reversal patterns
• Navigate to established trends safely with continuation patterns
• The indicator doesn’t redraw and implements alerts
• The indicator implements
  control panelwith multiple timeframes.

It detects numerous patterns that the chart can look very cluttered, making it hard to read.
The dealer might need to disable unwanted patterns on the indicator inputs to make the chart more readable.

• It detects patterns with 1, 2, 3 and multiple bars
• It detects a reversal, continuation, and weakness
• Templates can be enabled or disabled

• Break-Away (aka Line Strikes) from 1 to 5 bars
• Fakes (aka Hikkake)
• Counter Gap
• Three Soldiers / Three Crows
• Hammers / Shooting Star / Hanging Man
• absorbing
• Outside up / down
• Harami
• Inside up / Inside down
• Morning Star / Evening Star
• brawler
• Piercing / Dark Cloud
• Hold the belt
• Rising Three / Falling Three from 1 to 5 bars
• Tasuki Gap
• Side by side
• Windows
• Advance / Descent block
• thinking
• Marubozu
• Squeeze Alert (otherwise the Master Candle)
• Dojis

• PaintBars
  Turn the pattern highlighting on / off using the color of the stripes.
• DisplayLabels
  Show or hide text labels that display the name of recognized templates.
• BullLabel / BearLabel
  Choose the color of the text labels for the bullish and bearish patterns.
• DisplayRectangles
  Show or hide the fields surrounding the recognized templates.
• BullRectangle / BearRectangle
  Choose the color of the rectangles for the bullish and bearish patterns.
• 1-way patterns
  Enable / disable the recognition of 1-clock patterns one by one.
• 2-way models
  Enable / disable recognition of two-block patterns one by one.
• 3-bar patterns
  Enable / disable recognition of 3-clock models and higher.
• DonchianFilter
  This option only applies to reversal patterns. Since the reversal patterns are
  valid only at the end of the trend, to display or ignore certain patterns, you must set
  some sort of condition. The Donchian filter allows us to filter any reversal pattern using the highest / lowest of
  the desired last number of bars. The default behavior is to ignore bearish reversal patterns below the highest of the
  the last four bars, and ignore bullish reversal above the low of the last four bars. This parameter allows you to
  enable / disable this filter.

• ReversalDonchian
  The desired number of bars to evaluate for displaying or ignoring reversals
  patterns. (Applies only if the above option is enabled)

• RedundantReversals
  Reversal patterns often occur one after the other when the market turns its back
  direction, signaling a reversal more than once as the price evolves. For example, you can often see U-turns that are
  very similar to the following ones. Bull Hammer (Column 1), followed by Absorption Sample (Column 2), External Pressure Sample
  growth (Day 3) and Three Soldiers (Day 4), which are redundant reversal patterns after the first hammer. If this one
  the option is disabled, the RedundantReversals option eliminates this redundancy and hides future reversal patterns in the same
  direction after the first valid one. This feature is very useful if you are visually testing graphs on a graph, but not
  so much for real trading, as you want to get as many signals as possible – or maybe not trade first
  with a hammer -. Be sure to enable this option for real trading to see all the opportunities and get alerts.

• Alerts
  

  Enable alerts, email alerts, and / or audio alerts for the templates included above.

Enable alerts, email alerts, and / or audio alerts for the templates included above.

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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