Candle Stick Patterns?

While stockfetcher provides a few tools for locating candle stick patterns and also offers a number of pre-built candle patterns, the best way to build a candle pattern is with a phrase. The key to building candlestick screens is an understanding of the comparison of day high/low/open/closing values between other days.

For example, a screen for a bar setup or candle pattern might want to find a point where a close is above a prior day's close. To do this, the comparison of close to close 1 day ago is needed. 


close above close 1 day ago

To search the previous day instead:


close 1 day ago above close 2 days ago

The same can be used with high, low, or open as well. Say you're looking for stocks where the close is above the prior day's close but the high is below the prior day's high:


close above close 1 day ago
and high below high 1 day ago

Another common comparison with candlestick patterns is comparing the body (close/open) regardless of whether the close is above the open. To do this, a few set statements will help out:

set{body_bottom,min(open,close)}
set{body_top,max(open,close)}

So, lets assume you wish to compare two different body_tops:


set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
show stocks where body_top 1 day ago is above body_top 2 days ago

To find stocks where the last day's body engulf's the prior day's body, you might use:


set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
show stocks where body_top is above body_top 1 day ago
and body_bottom is below body_bottom 1 day ago

Here are some more examples:

Doji:


show stocks where the open equals close
and high is above open and low is below open

Hammer Candle:


show stocks where the high minus close is less than 0.001
and close is more than 0.5% above open
and open minus low is more than 50% above close minus open
and close is above 1

Example using high/low/close:


close is above close 1 day ago
and high is above high 1 day ago
and low is below low 1 day ago

Example comparing tail, head and body sizes:


set{tail_size,open - low}
set{head_size,high - close}
set{body_size,close - open}
show stocks where tail_size is more than 25% above body_size
and tail_size is above head_size
and close is above open

Advanced:

Here is a sample filter for a weekly "Inverted Hammer":


show stocks where the weekly close minus weekly low is less than 0.001
and weekly open is more than 0.5% above weekly close
and weekly high minus weekly open is more than 50% above weekly open minus weekly close
and close is above 1 and chart-display is weekly

5 Candlestick bars down:


set{daily_diff, close - open}
show stocks where daily_diff has been below 0 for the last 5 days
and open has been decreasing for 5 days
 
Bearish Three Black Crows:
 

pattern is Bearish Three Black Crows
and price is between 5 and 50
and average volume(10) is above 100000

Note: this example uses a pre-built candle pattern.

Shooting star:


set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
set{lshadowsize, body_bottom - low}
set{tshadowsize, high - body_top}
set{tshadowsize2, tshadowsize * 2}
set{body_size, body_top - body_bottom}
show stocks where lshadowsize is less than 0.001
and tshadowsize2 > body_size
and close increasing for the last 3 days
and body_bottom > close 1 day ago close above 5

Still need help? 

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