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This is the TimeToTrade help wiki. Use the TimeToTrade Trigger Trading Technology™ to execute your trades when Price, Candle Stick, Trend Line, Volume and Technical Analysis chart conditions are met - no coding required. Trade directly in the world’s global markets. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club.


Candlestick Pattern Alerts

Timetotrade can be used to create alerts based on Candlestick Patterns such as Dojis, Hanging Man and Inverted Hammer.


There is an extensive range of indicators that can be used to detect Candlestick patterns. The Candlestick indicators can be used to easily create alerts to notify you by Email or SMS text messages, or execute trades when Candlestick chart conditions have been met. These include:


Bearish 3-Method Formation Candlestick.png Bearish 3-Method Formation Candlestick Alerts
Bearish Harami Cross Candlestick Pattern.png Bearish Harami Cross Candlestick Alerts
Bearish Harami Candlestick Pattern.png Bearish Harami Candlestick Alerts
Bearish Harami Cross Candlestick Pattern.png Bearish Harami Cross Candlestick Alerts
Bearish Pin Bar Candlestick Pattern.png Bearish Pin Bar Candlestick Alerts
Big Downward Candlestick.png Big Downwards Candlestick Alerts
Big Upward Candlestick.png Big Upwards Candlestick Alerts
Bottom Of Candle.png Bottom of Candle Body Alerts
Bullish 3 Method Formation Candlestick Pattern.png Bullish 3-Method Formation Candlestick Alerts
Bullish Harami Candlestick Pattern.png Bullish Harami Candlestick Alerts
Bullish Harami Cross Candlestick Pattern.png Bullish Harami Cross Candlestick Alerts
Bullish Pin Bar Candlestick Pattern.png Bullish Pin Bar Candlestick Alerts
Candlestick Body Size.png Candlestick Body Size Alerts
Candlestick Head Size.png Candlestick Head Size Alerts
Candlestick Shadow Size.png Candlestick Shadow Size Alerts
Candlestick Tail Size.png Candlestick Tail Size Alerts
Dark Cloud Cover Candlestick Pattern.png Dark Cloud Candlestick Alerts
Doji Candlestick Pattern.png Doji Candlestick Alerts
Doji Star Candlestick Pattern.png Doji Star Candlestick Alerts
Dragonfly Doji Candlestick Pattern.png Dragonfly Doji Candlestick Alerts
Engulfed by a previous Candlestick.png Engulfed by a previous Candlestick Alerts
Engulfing a previous Candlestick.png Engulfing a previous Candlestick Alerts
Engulfing Bearish Candlestick Pattern.png Engulfing Bearish Candlestick Alerts
Engulfing Bullish Candlestick Pattern.png Engulfing Bullish Candlestick Alerts
Evening Doji Star Candlestick Pattern.png Evening Doji Star Candlestick Alerts
Evening Star Candlestick Pattern.png Evening Star Candlestick Alerts
Falling Window Candlestick.png Falling Window Candlestick Alerts
Bullish Gap Candlestick.png Gap Candlestick Alerts
Gravestone Doji Candlestick Pattern.png Gravestone Doji Candlestick Alerts
Hammer Candlestick.png Hammer Candlestick Alerts
Hanging Man Candlestick.png Hanging Man Candlestick Alerts
Inverted Hammer Candlestick.png Inverted Hammer Candlestick Alerts
Long Lower Shadow Candlestick.png Long Lower Shadow Candlestick Alerts
Long Upper Shadow Candlestick.png Long Upper Shadow Candlestick Alerts
Long-Legged Doji Candlestick Pattern.png Long-Legged Doji Candlestick Alerts
Marubozu Candlestick.png Marubozu Candlestick Alerts
Morning Doji Star Candlestick Pattern.png Morning Doji Star Candlestick Alerts
Morning Star Candlestick Pattern.png Morning Star Candlestick Alerts
On Neckline Candlestick.png On Neckline Candlestick Alerts
Past Candle.png Past Candlestick Alerts
Piercing Line Candlestick Pattern.png Piercing Line Candlestick Alerts
Rising Window Candlestick.png Rising Window Candlestick Alerts
Shaven Head Candlestick.png Shaven Head Candlestick Alerts
Shaven Bottom Candlestick.png Shaven Bottom Candlestick Alerts
Shooting Star Candlestick.png Shooting Star Candlestick Alerts
Spinning Top Candlestick.png Spinning Top Candlestick Alerts
Three Black Crows Candlestick Pattern.png Three Black Crows Candlestick Alerts
Three White Soldiers Candlestick Pattern.png Three White Soldiers Candlestick Alerts
Top Of Candle.png Top of Candle Body Alerts


Candlestick Pattern Alerts

You can use timetotrade to notify you, or execute a trade (see below), when Candlestick Patterns have been identified. Use the chart settings to add the Candlestick Indicators.


After adding a Candlestick indicator to the charts, click on the rising threshold chart trigger to create your alert. In the following example an alert will be set up to provide a notification of when a Doji has been identified:


Candlestick indicator 2.png


Enter a message to remind yourself why the alert was created, select how you would like to be notified when the alert trigger conditions are met, then set 'reactivate alert' if you would like to get alerts each time your alert trigger conditions are met. Click on the green 'Activate' button on the Alert Builder when finished:


Candlestick indicator 3.png


Custom Candlestick Alerts

You can use timetotrade to build your own custom candlestick pattern alerts. To ensure that common language is used when describing how to create alerts that can be used to identify custom Candlestick patterns, lets start by explaining what a candle is and the how it can be described.


A candle represents the changes in price over an interval of time such as 1 day or 1 minute. The main body of the candle illustrates the opening price at the start of the time interval and the price when the market closed at the end of the interval. The head and tail represent the highest and lowest prices during the interval. The full length of the candle is often referred to as the 'Shadow'.


The length of the head is the difference between the highest price during the interval and the greater of the Open or Close price. The length of the tail is the difference between the lowest price and the difference between lesser of the Open or Close price. The length of the body if the difference between the Open and Close price.


If the price closed at a price above the opening price, then the candle is referred to as a 'bullish' candle and if the price closed below the opening price, then the candle is referred to as a 'bearish' candle. On the timetotrade charts the bullish candles are coloured green and the bearish candles are coloured red as illustrated:


Candle stick drawing.png


When creating alerts historical candles can be referenced using the 'PAST' indicator. The 'OPEN', 'HIGH', 'LOW' and 'CLOSE' values represent the current candle. The PAST indicator can be used to reference the Open, High, Low or Close values for any candle in the past, as illustrated:


Past Candles.png



Example: Alerts based Three Bullish Candles

Now to create some custom Candlestick pattern alerts. In this first example an alert will be created to provide a notification of when there are three bullish candles. If the close price is greater than the open price then the candle is considered bullish. Three alert triggers can be created to test for this on the current and past candles e.g.


  • TRIGGER 1: (CLOSE - OPEN) > 0
  • TRIGGER 2: (The CLOSE 1 candle in the PAST - The OPEN 1 candle in the PAST) > 0
  • TRIGGER 3: (The CLOSE 2 candles in the PAST - The OPEN 2 candles in the PAST) > 0


Using the timetotrade trigger language that would be implement as:

  • TRIGGER 1: (SUB(CLOSE, OPEN)) ABOVE 0
  • TRIGGER 2: (SUB(PAST(CLOSE,1), PAST(OPEN,1))) ABOVE 0
  • TRIGGER 3: (SUB(PAST(CLOSE,2), PAST(OPEN,2))) ABOVE 0


This can be implemented as follows using the Alert Builder interface on the charts. Start by clicking on the 'Add Indicator' button and searching for the Subtract (SUB) function as illustrated:


Candle stick add trigger.png


Now start building up the Candlestick rules using the alert triggers as illustrated:


TRIGGER 1: (SUB(CLOSE, OPEN)) ABOVE 0

Candle stick trigger 1.png


TRIGGER 2: (SUB(PAST(CLOSE,1), PAST(OPEN,1))) ABOVE 0

Candle stick trigger 2.png


Candle stick trigger 2-1.png


TRIGGER 3: (SUB(PAST(CLOSE,2), PAST(OPEN,2))) ABOVE 0

Candle stick trigger 3.png


Candle stick trigger 3-1.png


When all three triggers are true at the same time an alert notification will be sent. The alert triggers should therefore be in a GROUP in '1 second' as illustrated:

Candle stick group.png


To learn more about how alert triggers can be grouped and sequenced click here.



Example: Alert Based on Candle Head Height

To create an alert trigger based on the height of the Candle Head, do so by subtracting the High price from the greater of the Open or Close price. For example to create an alert trigger where the height of the candle head must be greater than 0.01 the trigger language equation for doing so is:


SUB(HIGH - MAX(OPEN, CLOSE)) ABOVE 0.01


which would be implemented using the Alert Builder chart interface as follows:


Candle stick trigger 4.png


To create a trigger based on the size of the tail, subtract the lesser of the Open or Close price from the Low price. For example to create an alert trigger where the tail is greater than 0.2 the trigger language equation is:


SUB(MIN(OPEN, CLOSE), LOW) ABOVE 0.2


which would be implemented using the Alert Builder interface as illustrated:


Candle stick trigger 5.png


If an alert trigger was required on a previous candle Head or Tail height, then use the PAST indicator. For example to create an alert trigger where the tail of one candle in the past is greater than 0.02 the trigger language equation is:


SUB(MIN(PAST(OPEN, 1), PAST(CLOSE, 1)), PAST(LOW, 1)) ABOVE 0.2


which would be implemented as:

Candle stick trigger 6.png


Candle stick trigger 6-1.png


Candle stick trigger 6-2.png



Example: Alerts based on Open, High, Low or Close Prices for Current and Past Candles

Alert triggers can be created to compare the values of Open, High, Low or Close prices for current and past candles. For example, to identify if the current candle has formed a lower Low price than one candle in the past, subtract the current LOW price from the PAST LOW price. If the result is less than zero then the current low is lower than the previous low. The trigger language to identify a lower low would be:


SUB(LOW, PAST(LOW, 1)) BELOW 0


which would be input via the Alert Builder interface as illustrated:


Candle stick trigger 7.png


To create an alert for example that required a sequence of a lower Low followed by a higher Low, as illustrated:

Candle stick lower lows.png


the trigger language for doing so would be:


  • TRIGGER 1: SUB(PAST(LOW, 1), PAST(LOW, 2)) BELOW 0
  • TRIGGER 2: SUB(LOW, PAST(LOW, 1)) ABOVE 0


which can be created via the Alert Builder interface as illustrated:

Candle stick trigger 8.png


Candle stick trigger 8-1.png


Candle stick trigger 8-2.png


Example: Candle Alerts combined with Price, Volume, Technical Analysis and Trend Line triggers

Candle sequences can be combined with other price, volume, technical analysis and trend line triggers. For example, continuing from the very first example, if the requirement was for a sequence of three bullish candles and for RSI to be below 50 when the last bullish candle was formed, the trigger language for doing so would be:


  • TRIGGER 1: (SUB(CLOSE, OPEN)) ABOVE 0
  • TRIGGER 2: (SUB(PAST(CLOSE,1), PAST(OPEN,1))) ABOVE 0
  • TRIGGER 3: (SUB(PAST(CLOSE,2), PAST(OPEN,2))) ABOVE 0
  • TRIGGER 4: RSI(CLOSE, 14) BELOW 50


To implement the alert using the Alert Builder interface, after creating the first three triggers as per the first post above, add the RSI alert as illustrated:


Candle stick trigger 9.png


If the requirement was for the RSI to be below 50 at each step in the sequence then the trigger language for this would be:


  • TRIGGER 1: (SUB(CLOSE, OPEN)) ABOVE 0
  • TRIGGER 2: (SUB(PAST(CLOSE,1), PAST(OPEN,1))) ABOVE 0
  • TRIGGER 3: (SUB(PAST(CLOSE,2), PAST(OPEN,2))) ABOVE 0
  • TRIGGER 4: RSI(CLOSE, 14) BELOW 50
  • TRIGGER 5: RSI(PAST(CLOSE, 1), 14) BELOW 50
  • TRIGGER 6: RSI(PAST(CLOSE, 2), 14) BELOW 50


For example trigger 6 would be implemented using the Alert Builder interface as illustrated:


Candle stick trigger 9-1.png


Price and Candlestick Pattern Forum Discussions

Go to the Ask A Question section on the timetotrade forum to see the type of MA alerts that timetotrade users are creating:


Custom Indicator

There is a custom indicator that can be imported in the timetotrade charts, that calculates the length of the Candle Head, Tail and Body for creating Candlestick alerts. The custom indicator also includes indicators that compare the high to the previous high plus the low to the previous low, in order to provide examples on how to compare values to previous candles. To import the custom indicator click on the following link:


Real-Time Alerts

FREE Real-Time Price and Technical Indicator charts and alerts are available for Forex and high liquidity UK and European stocks.


Click here to view the full list of markets available.


Click here to start creating your own trading alerts today>>



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