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83 Candlestick Pattern Indicators for TradeStation
Available for TradeStation 8.x & TradeStation 2000i (TS2000i)
Candlestick patterns are the purest form of technical analysis. Candlestick patterns do not require any complex calculations or additional data, they simply use the four major price point (open, high, low and close) to interpret investor sentiment in anticipation of predicting the future market direction.
We have produced a collection of 83 separate candlestick pattern indicators for TradeStation ranging from simple candlestick patterns like the marubozu or doji candlesticks to more advanced patterns like the concealing baby swallow. You can find two charts below detailing all 83 candlestick patterns available in this TradeStation indicator set.
We are confident our indicators will benefit your trading which is why we offer a 100% money back guarantee so you can try out our indicators for yourself and if they are not right for you just let us know within 30 days for a full refund.
Major Candlestick Pattern Indicators
Advanced Candlestick Pattern Indicators
Bearish Breakaway
Below are three TradeStation chart examples illustrating the candlestick pattern indicators in action. The first is a standard showme indicator displaying a dot when a long bullish candlestick is detected. The showme indicators also have the option of displaying a text message (of your choice) when a candlestick pattern is detected instead of the regular dot, as shown in the second chart example below. Using text messages, instead of dots, can be useful if you are searching for multiple candlestick patterns in the same chart making it quick and easy to identify exactly which candlestick pattern has been detected. Each candlestick pattern is supplied as a regular sub-graph indicator in additional to a showme indicator as demonstrated in the third chart below which has both a showme indicator displaying text and a sub-graph indicator as a histogram alerting to any doji candlestick formations.
AAPL daily chart with long bullish TradeStation candlestick indicator.
USDJPY forex intraday chart with long bearish TradeStation candlestick indicator displaying text.
Daily chart of GE with two TradeStation candlestick indicators, one showme indicator displaying text and one sub-graph indicator, both alerting to any doji candlestick patterns.
You can find more chart examples further down this page.
Key Features
All the indicators provided in the TradeStation candlestick indicators set have a number of different inputs allowing you to easily adjust each indicator to suit your personal requirements. Here are some of the advantages offered by these indicators:
In addition to the TradeStation showme indicators which can display a regular showme alert or a text message on you chart each candlestick indicator also comes in standard indicator form which can be applied to a sub-graph to keep your price charts clean. Each candlestick indicator can also be applied to the new TradeStation scanner so you can scan all markets simultaneously to find candlestick patterns.
User definable inputs for all indicators.
Each candlestick indicator includes multiple inputs allowing you to personalize the indicators. Each indicator has specific inputs related to their particular candlestick pattern as well as general inputs like what text message to display or the color of the text message.
Radarscreen information.
When applied to a TradeStation radarscreen the candlestick pattern indicators can be used to scan and sort multiple markets in real-time. The components of the S&P 100 have been inserted into a radarscreen below which has a number of candlestick indicators applied.
Multiple candlestick indicators applied to a TradeStation radarscreen.
Indicators also provided as functions.
In addition to providing all 83 candlestick pattern indicators in showme indicator form and standard indicator form, each candlestick pattern indicator is also supplied as a function enabling you to incorporate each candlestick pattern function into your own indicators and trading strategies.
We offer a 30 day money back guarantee with this indicator. During the guarantee period you are free to use this TradeStation indicator as much as you like so you can fully evaluate its functions and benefits. If after testing out your new indicator you don't feel it is right for you just let us know within 30 days and we will refund your money in full.
Continued Support and Updates for a Minimum of 12 Months
All our products come with full support so if you have any problems or require any additional information you can contact us for assistance. We also offer updates for a minimum of 12 months so if any new features are added to these indicators during this time then they can be sent to you for free.
If you have any questions about this, or any other product we offer, please contact us at infotechnicaltradingindicators.com
More Chart Examples
Chart of GOOG with three different candlestick patterns displayed with text alerts.
QCOM chart with bullish engulfing and harami candlestick pattern indicators in yellow and bearish engulfing and harami candlestick pattern indicators in red. Both sets of indicators have been applied using the text showme indicators and standard sub-graph indicators.
Chart of NKE displaying multiple bearish shooting star and hanging man candlestick patterns and also bullish hammer and inverted hammer candlestick patterns.
TradeStation chart of DIS with a doji candlestick indicator applied. Using the indicator inputs the meeting price of the open and close has been expanded so that prices do not have to meet exactly. In this example a small 0.05% buffer between open and close prices has been used to find more potential market reversal points..
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