Upside and Downside Tasuki Gaps

A trader should wait for the signal confirming the pattern formation.

Matching Low

This bullish reversal pattern serves to confirm a trend.

Ladder Bottom

The Ladder Bottom is a bullish reversal pattern that serves to confirm a trend.

Stick Sandwich pattern

The Stick Sandwich candlestick pattern is a bullish reversal pattern which usually confirms a reversal of a trend.

Kicker Pattern

The Kicker candlestick pattern signals trend reversal. It consists of two candlesticks colored differently, and there is a gap between them. The appearance of this pattern indicates a sharp change in the investor sentiment towards a particular asset.

Homing Pigeon pattern

The Homing Pigeon candlestick reversal pattern is a bullish formation which looks like the Harami pattern. The difference is that the Pigeon has two candlesticks which are usually black.

Three Stars in the South (kyoku no santen boshi)

The Three Stars in the South is a bullish reversal pattern which indicates a gradual weakening of a bearish trend as the intraday price dynamics gets less robust while daily lows move higher. The key point of formation of this pattern is a long lower shadow on the first day as this is an obvious sign of increased buying interest.

Three Outside Up and Three Outside Down patterns (tsutsumi age and tsutsumi sage)

The Three Outside Up and the Three Outside Down patterns serve as a confirmation of engulfing patterns. They look similar to the Three Inside Up and the Three Inside Down patterns, as well as the Harami pattern.

Three Inside Up and Three Inside Down (harami age and harami sage)

The Three Inside Up and the Three Inside Down confirm the Harami model as the first two days of these two patterns are the Harami itself. The third day of the pattern confirms the closing price in any trend, bullish or bearish.

Two Crows (Niwa garasu)

The Two Crows is considered to be a reversal or bearish pattern. An upward trend is supported by a long white candle. The next day, there is a small gap up, however, the trading day closes on the lowest price of the day, but higher than the first candle.

Breakaway

The Breakaway is a pattern formed during a bullish trend (uptrend) that indicates a start of sales. Sometimes the price moves into the oversold area.

Identical Three Crows (doji sanba garasu)

The Identical Three Crows is a candlestick pattern indicating a bearish reversal. It is a special case of the Three Black Crows pattern. The difference is that in the Identical Three Crows, the second and third black days open at the closing level of the previous day. A marginal gap is also possible.

Three Black Crows (sanba garasu)

Three Black Crows is a Japanese candlestick pattern indicating a bearish reversal. It occurs during an unfolding uptrend, forming a staircase of long black days. Each day opens slightly higher than the previous day’s close, but then the price reverses into a downtrend and starts to decline. This moment can be considered a trend reversal trading signal. Be careful as prices falling too sharply may prompt bulls to buy the asset at the bottom.

Three White Soldiers (aka sanpei)

The Three White Soldiers is a bullish reversal pattern consisting of several long white candles. Every closing price in this pattern is higher than the close of the previous body. The pattern is clearer when every trading session starts in the middle of the preceding day (candlestick body). So, the pattern looks like stairs and predicts a bullish trend.

Belt Hold (yorikiri)

The Belt Hold pattern is similar to the opening Marubozu candlestick without the shadow indicating an open price. The Bullish Belt Hold is formed by the opening White Marubozu, which points to a downtrend; while the Bearish Belt Hold is formed by a closing Black Marubozu, which appears during an uptrend. The pattern opens at highs, but then prices move against the market trend and close around lows.

Meeting Lines

The Meeting Lines pattern is formed when candlesticks of opposite colors have the same closing price.

Upside Gap Two Crows

The Upside Gap Two Crows reversal pattern appears on a chart only during an upward trend. This candlestick pattern represents a gap between the second small black candle (third day) and the first body preceding it. If you have a vivid imagination, you could see two crows in these candles. That is how it got its name. The pattern is of bearish character.

Tri-Star (Santen Boshi)

The Tri-Star is a strong pattern pointing to a reversal in the current trend and indicating strong resistance or support. The Tri-Star is formed by three doji candles, with the middle doji being a star. Steve Nison developed this pattern. It is quite rare, but it should not be ignored.

Morning Doji Star and Evening Doji Star

The Doji Star pattern appears on charts before a trend reversal. A candlestick that appears on the following day usually proves a change in the current trend.

Morning Star and Evening Star (Sankawa Ake No Myojyo and Sankawa Yoi No Myojyo)

The Morning Star and Evening Star patterns often appear on charts and indicate a change in the current trend. These patterns are formed by three candlesticks each. The Morning Star points to the stop in a price fall and a bullish reversal; while the evening star means the end of growth and a bearish reversal.

Doji Star

Doji Star is a candlestick pattern that appears before a trend reversal. First of all, a candlestick with a long body appears. Its color reflects the previous trend. A black body confirms a downtrend while a white body points to an uptrend.

Dark Cloud Cover

The Dark Cloud Cover is a bearish reversal pattern which is formed after an upward movement.

Piercing Line Pattern Candlestick (KIRIKOMI)

The Piercing Line pattern is opposite to the bearish reversal pattern Dark Cloud. The bullish reversal pattern Piercing Line appears when a downward trend prevails in the market. It is a two-candlestick pattern. The first candlestick is black and it indicates a downtrend. The second one is long and white. It opens on a new low and then closes above the midpoint of the first candlestick.

Harami Cross

The Harami chart formation consists of a large candlestick body followed by a smaller body. It is the relative size of these two candlesticks that makes the Harami a significant reversal figure. Remember that the days when a Doji candle is formed (i.e., when the opening and closing prices are equal) occur when the market is sluggish, representing days of indecision. Therefore, smaller body days following longer body days also indicate market indecision. The more indecision and uncertainty there is, the bigger the likelihood of a trend reversal. At the moment when the body of the second day becomes a Doji, the chart figure is referred to as the Harami Cross, where the cross is the Doji. The Harami Cross is a more reliable reversal pattern than the regular Harami.

Bearish Harami Pattern and Bullish

Harami is a reversal pattern formed by two candlesticks: a small candle and relatively large previous candle. This pattern can be seen anywhere on a chart, in weekly, daily, hourly and even minute time frames.

Bullish Engulfing Indicator and Bearish

It is possible to recognize the Engulfing pattern when a chart has an obvious trend. The real body of the second day totally engulfs the body of the previous day. However, it does not mean that opening or closing prices of two candlesticks cannot coincide. This only signifies that both opening and closing prices of two real bodies cannot match at the same time.

Hammer and Hanging Man

The Hammer and Hanging Man patterns both consist of a single candlestick. They have rather long lower shadows and small real bodies which are located at the very top of the daily trading range, or somewhere near. They are sometimes called the special cases of the Tonbo/Takuri candlesticks.

IFX_QQE indicator

IFX_QQE is a technical indicator for MetaTrader that traders can apply on the forex market. QQE was invented on the basis of developed and modified RSI by famous Russian trader Roman Ignatov.

IFX_PCC indicator

The IFX_PCC is a modified version of the Price (Donchian) Channel indicator. In contrast to the classical channel indicator, a computer-based PCC is built according to a percentage value of a channel deviation from a price specified by user.

IFX_DAO indicator

IFX_DAO indicator (Double Awesome Oscillator) is a variant of Awesome Oscillator by Bill Williams presented in his trading chaos theory. The indicator consists of two Awesome Oscillator’s lines, rapid and slow.

Three Line Break (TLB) Charts

The Three Line Break charts are displayed in a separate window to gain clearer perception of signals. The TLB charts were first introduced by Steve Nison in his book Beyond Candlesticks in 1994.

IFX_MultiMovingAverage

IFX_MultiMovingAverage is the indicator enabling users to determine the direction of several moving averages on one time frame and understand what trend currently prevails. Users can enter their own values and types of moving averages.

IFX_AMA indicator

The AMA indicator (or Adaptive Moving Average) was developed by Perry J. Kaufman and first presented in his book Smarter Trading: Improving Performance in Changing Markets in 1993. It is one of the most popular Forex trend technical indicators which is commonly used by traders on the currency markets worldwide.

IFX_DPO Indicator

The IFX-DPO indicator (Detrended Price Oscillator) enables a trader to decide between divergence and convergence on the price chart as well as to determine the exact point of a trend change on the market. IFX-DPO relates to oscillator indicators. Besides, the principle of its using is similar to the one of the Momentum indicator.

IFX_KasePeakOscillator Indicator

IFX_Kase Peak Oscillator was created by Cynthia Kase, a well-known American trader. It is included in the Kase StatWare package for eSignals. This oscillator enables a trader to evaluate a large number of various signals suitable for active trading.

TVI Indicator

The TVI indicator was developed by William Blau in 1995 and was described in detail in his book “Momentum, Direction and Divergence”. This oscillator is a very informative indicator, which enables determination of an entry point and trend direction as well as many other parameters. The main feature of this oscillator is that it is calculated on the basis of tick density instead of price.

HMA_histogram

The HMA_histogram indicator is a version of classical HMA indicator by Alan Hull in the form of histogram similar to the one of the MACD indicator.

HMA Indicator

The Hull Moving Average (HMA) is one more alternative of an ideal MA that enables smoothing price movements with the help of weighted averages. The indicator was created by Alan Hull.

FullMACD

Moving average convergence/divergence (MACD) is a technical analysis indicator created by Gerald Appel in 1979. Initially, it was used in commodity and stock trading. The present version of the indicator is a combination of the MACD histogram and the classic indicator which consists of a MACD line and a signal line.

PPO Indicator

PPO is a technical momentum indicator measuring the difference between the 26-day and the 9-day exponential moving averages. The indicator is similar to the moving average convergence divergence (MACD) in terms of both practical use and efficiency.

Day Channel Indicator

The Day Channel Indicator is a variant of the indicator calculated on the basis of the highs and lows of the previous trading day. This indicator can be applied only to the short-term time frames (from M30 and lower). It is used to identify short-term levels of support and resistance of the financial assets.

Anchored Momentum

The technical indicator Anchored Momentum was developed by Rudy Stefenel and presented in 1998 in Technical analysis of Stocks and Commodities magazine.

ATR Trailing Stop indicator

The ATR Trailing Stop indicator enables traders to determine the points of stop loss after calculating the volatility level with the help of the ATR indicator. This method was applied in the 80s by the legendary Turtle Traders. Since then it has been a modern and effective way of Forex trading.

Murrey Math Line X

The concept of this technical analysis system was developed by T. Henning Murrey in 1995 and described in The Murrey Math Trading System; For All Markets. The main concept here is that all markets behave in the same manner based upon the observations made by W.D. Gann. To date, the Murrey Math Line X it is one the most popular methods of Forex analysis and trading.

RSI Laguerre Indicator

The technical indicator created by John F. Ehlers is a modified version of the Relative Strength Index (RSI). For the first time this indicator was published by John F. Ehlers in Cybernetic Analysis For Stocks And Futures.

RoC indicator: Smoothed Rate of Change

S-RoC oscillator was developed by Fred G Schutzman and presented in A. Elder’s book Trading for a Living. The indicator is a refinement of RoC oscillator: S-RoC is based on the comparison of two exponential moving averages.

Center of Gravity indicator

The Center of Gravity is an oscillator developed by John Ehler and presented in Stocks & Commodities magazine (05.2002). This oscillator produces almost zero lag indicating the pivot points with the precise accuracy. The indicator was the result of studies of adaptive filters.

Larry Williams Indicator Extremes

The computer indicator Larry Williams' Extremes points to the presence of short-term price highs and lows on the market, described in Williams' book Long-Term Secrets to Short-Term Trading. This indicator can be used as an excellent addition to the trader's basic market entry techniques.

TrendlessOS indicator

Oscillator TrendlessOS was developed by Joe DiNapoli in the early 1980s and described in the book Trading with DiNapoli Levels. As well as other indicators developed by DiNapoli, Trendless oscillator is a supplement to the major instruments of desition taking - Fibonacci levels. However, according to DiNapoli's concept, Trendless indicator can be used as an independent trading instrument.

US Dollar Index

The US Dollar Index is an average value of rate fluctuations of six major currencies (EUR, CAD, GBP, JPY, CHF, and SEK) against the U.S. dollar. The US Dollar index was invented in 1973 with initial value 100. In 1999 it was modified in order to keep track of the euro, which had just been introduced. The index is traded 24 hours on the NYBOT.

EUR_USD index

EUR_USDindex is a combined indicator which consists of two separate ones: EURx and USDx (USDX). This indicator shows the changes in the both indices considering their correlation.

Euro Currency Index

The euro currency index reflects average fluctuations of the world’s five major currencies (USD, GBP, JPY, CHF, and SEK) to the euro. The euro currency index, or EURX, was established in January 13, 2006, and is quoted on NYBOT. The index represents a benchmark for the euro value calculation against other participants of the financial markets.

Range Rider Indicator

The Range Rider Indicator was developed by Larry Williams in 2006. It is a variation on the indicator which gauges volatility. With its help one can easily identify important price zones, where opening of trades is the most appropriate in terms of risks.

Supertrend Indicator MT4 Download

Trend indicator SuperTrend was created on the basis of ATR and CCI. It is an excellent indicator of trend direction. It can be used as a foundation of the trading system that is based on following the trend.

Will-Spread Indicator

The technical indicator Will-Spread was developed by Larry Williams and described in his book Long-Term Secrets to Short-Term Trading. Will-Spread is one of the strongest financial indicators, which measures the flow of price between the primary market and a secondary market. The purpose of this comparison is to highlight signals for opening/closing positions of a financial asset through market signals that have influence on this particular asset.

Total Power Indicator

The indicator was developed by Daniel Fernandez in 2011 and it was described in the magazine Currency Trader. The indicator is revised version of the Alexander Elder’s Elder-Ray indicator, which is based on the power strength of bears and bulls, as well as the 13-day EMA.

Schaff Trend Cycle Indicator

The Schaff Trend Cycle Indicator (STC) was developed by Doug Schaff in 2008. It is based on the assumption that currency trends accelerate and slow down in a cyclical pattern.

Coppock indicator

Coppock indicator is a technical analysis indicator created by Edwin Sedgwick Coppock in 1962, first published in Barron's magazine. The founder of the indicator was asked by the Episcopal Church to develop a reliable instrument for long-term investors, which could be applied for S&P 500 Index.

The MACD Indicator

Developed by Gerald Appel in 1979, the Moving Average Convergence-Divergence (MACD) is a technical indicator, which was applied on commodity and stock markets. the MACD is an oscillator of technical analysis, which represents the first variant of later upgraded the MACD histogram. However, it is still appreciated by many traders as it is quite simple and has no significant noise when generating signals.

STARC Bands Indicator

The trend indicator was developed by a technical analyst Manning Stoller in the early 1980s. STARC bands are used in classical trend trading where a range breakout is taken into account.

Accumulation Swing Index (ASI indicator)

Indicator Accumulation Swing Index was developed by Welles Wilder, Jr. and is described in his book "New Concepts in Technical Trading Systems". The indicator is a simple index of fluctuations which is similar in its form to price change in financial assets.

TRIX Indicator MT4

TRIX impulsive indicator was suggested by analyst J. Huston for trading use as well as analysis of directional price changes. This indicator can be used well as an instrument that enables filtering of insignificant price changes in the respect of greater market trend with the regard of bigger cycle.

ATR Indicator Forex

ATR indicator Forex which was developed by Welles Wilder Jr. and described in his book New Concepts in Technical Trading Systems.

Aroon Oscillator

Aroon Oscillator was developed by Tushar Chande, a principal of Tuscarora Capital Management. The oscillator is based on the Aroon Indicator, but generates fewer signals; therefore, the best way is to use both indicators at once.

Aroon Indicator

Aroon Indicator was developed in 1995 by Tushar Chande, the head of Tuscarora Capital Management. The indicator is used for identifying the strength and direction of a trend. This technical instrument reports the uptrend, downtrend and the likelihood that it will reverse or continue.

Keltner Channel: What is it?

The Keltner Channel technical indicator was developed by Chester W. Keltner in 1960 and first introduced in his book How to Make Money in Commodities. Later Linda Bradford Raschke published modifications for the Keltner Channel providing more data analysis. Today this variant of indicator is used in trading.

Donchian Channel Indicator

The Donchian channel indicator, also known as Price Channel, was developed in the beginning of the 1970s by Richard Donchian. He is famous for his technical analysis of financial markets. Price Channel belongs to trend following indicators and is similar to well known Bollinger Bands indicator by its signals and layout. However, unlike Bollinger Bands, Donchain's price channels are based on high and low prices over a certain period of time.

Relative Volatility Index - RVI

RVI technical indicator was developed by Donald Dorsey in 1993 and then described in Technical Analysis of Stocks and Commodities magazine. In 1995 the indicator was transformed by the author and its updated version was used for analysis. According to Dorsey, RVI indicator is not an independent instrument of technical analysis and can be used either as filter for other indicators or instrument for pointing at the intentions but not the possibilities of price models realization.

Ultimate Oscillator

Ultimate Oscillator was developed by Larry Williams in 1985 and described in Technical Analysis of Stocks and Commodities Magazine. This indicator can be related to classical oscillators for technical analysis. However, Ultimate Oscillator surpasses other indicators by the data analyzed and the strength of its signals. It uses weighted average of three different time periods.

Range Expansion Index

Technical indicator Range Expansion Index was developed by Thomas DeMark and presented in his book The New Science of Technical Analysis (Thomas R. DeMark, The New Science of Technical Analysis, John Wiley&Sons, Inc., 1994). This is a technical indicator, namely, an oscillator, which can be applied on currency, stock and commodity markets.

Camarilla Equation

The Camarilla Equation and the formula of calculation of support and resistance levels were developed by Nick Scott in 1989. Initially, this technical tool was applied in intraday trading on the bond market, but later it was used in currency futures and FX spot trading.

Chaikin Oscillator

The Chaikin Oscillator (CHO) was developed by analyst Marc Chaikin. The Oscillator is based on Larry R. William's Accumulation/Distribution index (A/D). In fact, the Chaikin Oscillator is MACD indicator, but the oscillator is based on the A/D figures, not the price.

Relative Momentum Index (RMI)

The RMI indicator was introduced by Roger Altman. In February 1993, it was presented in the Technical Analysis of Stocks & Commodities magazine. The main aim of the indicator is to improve the data provided by the classical RSI indicator if the price reaches oversold/overbought areas.