ST Candlestick Patterns

The ST Candlestick Patterns indicator detects and highlights bullish and bearish candle patterns on a chart.

Parameters

• font_size - font size
• bearish_color - color for bearish patterns;
• bulish_color - color for bullish patterns;
• font_name - font name for pattern labels;
• resistance - display resistance levels based on patterns;
• gap - consider a GAP when analyzing a chart;
• Candlesticks_VeryBig - highlight very big candles;
• Candlesticks_Big - highlight big candles;
• Candlesticks_Tall - highlight tall candles;
• Candlesticks_Medium - highlight medium candles;
• Candlesticks_Small - highlight small candles;
• Doji - highlight Doji candles;
• Harami - highlight Harami candles;
• Shooting_star - highlight Shooting Star candles;
• Hammer - highlight Hammer candles;
• Double_fractal - highlight double fractals;
• Rising - highlight Rising pattern;
• Falling - highlight Falling pattern;
• Morning_star - highlight Morning Star pattern;
• Evening_star - highlight Evening Star pattern;
• Crows - highlight Crows pattern;
• Soldiers - highlight Soldiers pattern;
• Engulfing - highlight Engulfing pattern;
• Piercing - highlight Piercing pattern;
• BreakAway - highlight BreakAway pattern;
• Inside_down - highlight Inside Down pattern.

Supported patterns

• Candlesticks_VeryBig - detect and highlight abnormally big candles
• Candlesticks_Big - detect and highlight big candles
• Doji - detect and highlight Doji candles
• Harami - detect and highlight Harami candles
• Hammer - detect and highlight Hammer candles
• Double_fractal - detect and highlight double fractals
• BreakAway - reversal pattern. The breakthrough (from 2 to 4 bars) is defined by a breakthrough line
• Rising - bullish pattern (growth from 2 to 5 bars)
• 3 Soldiers - bullish pattern, three consecutive bullish candles
• Morning_star - bullish pattern, Morning Star
• Piercing - bullish pattern, Piercing
• Shooting_star - bearish pattern based on three bars breaking through downwards
• Falling - bearish pattern (fall from 2 to 5 bars)
• Evening_star - bearish pattern, Evening Star
• 3 Crows - bearish pattern, three consecutive bearish candles
• Engulfing - bearish pattern, Engulfing

Application

The indicator is used to find the most convenient market entry point. It is recommended to enter the market after a few appropriate patterns are formed on two or more timeframes.