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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 Patterns

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 or execute trades when candlestick chart conditions have been met. These include:

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

Custom Candlestick Indicators

In addition custom indicators can be created that combine the above indicators with mathematical functions, applied to Open, High, Low, Close or Volume values.

For a list of custom indicators that can be imported into your chart settings see:

An overview of Candlesticks

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 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. The full length of the candle is referred to as the 'Shadow'.

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

Candle Stick Indicator

The Candle Stick indicator can be displayed on the TimeToTrade charts. It can be used to identify Candle Stick chart patterns, where by the indicator will rise above 0 to 1 when the Candle Stick chart pattern has been identified:

Candlestick indicator 1.png

To add the Candle Stick indicator to the TimeToTrade charts, go to the chart settings and click on the 'Add Indicator' button. Click on the search box and type the name of the Candlestick indicator that you are looking for, or for example type 'candle' and scroll through the results:

Candlestick chart settings.png

After adding the Candle Stick indicator, within the chart settings, click on it to set the colour and tolerance:

Candlestick chart settings 2.png

The tolerance is used to 'soften' the Candlestick rules. For example, if there are two candles in a sequence, and the requirement is for the second candle high and low to be fully engulfed by the body of the first candle, adding a tolerance value, will allow the high or low of the second candle to be outside the body of the first candle, by the specified tolerance amount.

Candle Stick Alerts

Alerts can be set up to provide an Email or SMS text message notification of when your Candlestick chart patterns have been met. The alerts can also be used to backtest trading strategies or execute demo trades. To learn more:

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The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.

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