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Indicator that recognizes Candle Stick Patterns


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 msedlak40 
Kansas City, MO
 
Experience: Intermediate
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Trading: Euro Futures
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For those of you who are familiar with candle stick patterns, my favorite patterns are Hammers and Shooting Stars. Does anyone know of an indicator available that will recognize these two patterns?

Thank you


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 trs3042 
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msedlak40 View Post
For those of you who are familiar with candle stick patterns, my favorite patterns are Hammers and Shooting Stars. Does anyone know of an indicator available that will recognize these two patterns?

Thank you

Hello @msedlak40

It's called CandleStickPattern. A default indicator If you are using NT7. Look in your indicator list.

Hope it helps,

Rick


"If you're going to panic during a trade............. panic early."
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  #3 (permalink)
 msedlak40 
Kansas City, MO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Euro Futures
Posts: 26 since Jul 2011
Thanks Given: 8
Thanks Received: 2


Thanks Rick.

I tried using the one on NT, but it does not seem to recognize Hammer patterns very well. It seems to require that the bar almost close like a doji in order to recognize them. Has anyone else noticed this?

Thank you.


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 omni72 
Tulsa, OK
 
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I haven't used it, but sierra has a candlestick pattern feature:

https://www.sierrachart.com/index.php?l=doc/doc_CandleStickPatternFinder.php

How that helps.

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Last Updated on October 10, 2012


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