Saturday, November 11, 2006

Candlestick Charting and Scanning

This intro to candlestick charting is very interesting. I was particularly intrigued by the Kicker Signal, which the author says is by far the strongest candlestick signal. I've started backtesting this to see just how strong it is, and it does seem to be true -- when you find the signal occurring in the right context and you have a combination of other indicators confirming, the trade has a high probability of success with a substantial profit.

The forums on have a discussion thread about what formulas you can use to scan for candlestick patterns using TC2007. That thread also has a link to a variety of other topics -- such as scanning for divergences and price patterns.


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