Download CandleScanner User Guide

2.3.3 Chart zooming ....................................................................................................................................................... 24
3
Basic candle concepts............................................................................................ 25
3.1 Candlestick construction ................................................................................................................................25
3.1.1 Blended candlesticks ............................................................................................................................................. 26
3.2 Long and short lines ........................................................................................................................................28
3.3 Basic candles.....................................................................................................................................................30
3.3.1 Candles with different open and close prices ................................................................................................... 31
3.3.2 Marubozu candles ................................................................................................................................................. 31
3.3.3 Spinning tops ......................................................................................................................................................... 31
3.3.4 Doji candles ............................................................................................................................................................ 31
3.4 Candlestick charts: CandleScanner color theme .........................................................................................32
3.5 Price trend and price averages .......................................................................................................................33
4
Scanning candlestick patterns ............................................................................... 35
4.1 Supported candlestick patterns......................................................................................................................35
4.2 Displaying patterns on the chart ...................................................................................................................36
4.2.1 List of identified patterns ..................................................................................................................................... 36
4.2.2 Synchronization between the list of found patterns and the price chart..................................................... 37
4.2.3 Highlighting patterns on the chart ..................................................................................................................... 37
4.3 Recent patterns ................................................................................................................................................37
4.3.1 Checking the list of the most recent patterns for recently used symbols.................................................... 37
4.3.2 Checking the list of the most recent patterns for the group of symbols..................................................... 38
4.4 Scanner settings................................................................................................................................................38
4.5 Practical recommendations on using CandleScanner ................................................................................39
4.5.1 Scanning only interesting patterns...................................................................................................................... 39
4.5.2 Scanning speed and some performance recommendations ........................................................................... 39
5
Working with statistics .......................................................................................... 41
5.1 Symbol statistics ...............................................................................................................................................41
5.1.1 Patterns Occurrences tab ..................................................................................................................................... 42
5.1.2 Patterns Efficiency tab ......................................................................................................................................... 43
5.1.3 Patterns Efficiency (Details) ................................................................................................................................ 44
5.1.4 Patterns Occurrences by Date tab...................................................................................................................... 44
5.1.5 Basic Candles Occurrences tab ........................................................................................................................... 45
5.1.6 Report tab ............................................................................................................................................................... 45
5.2 Group statistics ................................................................................................................................................45
5.2.1 Patterns Occurrences tab ..................................................................................................................................... 46
5.2.2 Patterns Efficiency ................................................................................................................................................ 46
5.2.3 Patterns Efficiency Within Group (Symbols by Pattern Type) tab .............................................................. 46
5.2.4 Basic Efficiency Within Group (Symbols by Pattern) tab ............................................................................. 47