Tweezers Top
The Tweezers Top is a two bar bearish reversal pattern that may indicate a reversal at the end of an uptrend. It is composed by an up-close followed by a down-close. The near identical highs of the two bars is the basis for the pattern name, forming a tweezer top. Review the video below to…
Falling Three Methods
The Falling Three Methods pattern is a bearish five bar continuation pattern. The first bar is a down-close and a large body bar whereas the second, third and fourth bar are small body or down-close bars. The fifth and final bar is the continuation candle, being a large body down-close below the close of the…
Rising Three Methods
The Rising Three Methods pattern is a bullish five bar continuation pattern. The first bar is an up-close and a large body bar whereas the second, third and fourth bar are small body or down-close bars. The fifth and final bar is the continuation candle, being a large body up-close above the close of the…
Long White Candle
The Long White Candle is a bullish one bar reversal pattern that may indicate a reversal at the end of a down-trend. Check out the video below to learn more: What is a Long White Candle A Long White Candle is a large body up-close. The body is x times bigger than the average candle…
Long Black Candle
The Long Black Candle is a bullish one bar reversal pattern that may indicate a reversal at the end of a down-trend. Check out the video below to learn more: What is a Long Black Candle A Long Black Candle is a large body down-close. The body is x times bigger than the average candle…
Morning Doji Star
The Morning Doji Star is a 3 bar pattern that forms following a down-trend, indicating a possible bullish reversal. It may therefore indicate a possible shift in market sentiment. To learn more, check out the video below: What is the Morning Doji Star Pattern The first bar in the Morning Doji Star pattern is a…
Morning Star Candlestick Pattern
The Morning Star is a 3 bar pattern that forms following a down-trend, indicating a possible bullish reversal. It may therefore indicate a possible shift in market sentiment. To learn more, check out the video below: What is the Morning Star Pattern The first bar in the Morning Star candlestick pattern is a large body…
Improving Fast Stochastic Setups
The Fast Stochastic is a momentum indicator developed by George Lane. On momentum, Lane is quoted as saying: “If you visualize a rocket going up in the air – before it can turn down, it must slow down. Momentum always changes direction before price.“ Therefore, stochastic setups are used in situations where a momentum fall-off may…
Trigger Lines : Cross vs. Thrust
In this Indicator Spotlight, we’re looking at the Trigger Lines indicator which can be used as a trend filter. The Fast Trigger is a LinReg Indicator, similar to the standard NinjaTrader version. The signal line is calculated by applying an EMA to the linear regression indicator. Therefore, an identical plot can be achieved by simply…
Chande Kroll Stop vs Chandelier Exit
The Chande Kroll Stop was presented by Tushar Chande and Stanely Kroll in “The New Technical Trader”. It is a volatility based trailing stop and as most indicators in this category, it will help manage your profits by keeping positions open as long as they move in your favor. In this post we’ll compare the…