Preset Formula 3 – Candlesticks

Pattern: Doji

Direction:
Bullish / Bearish (Indecision)

d close == d open

Pattern: Morning Star

Direction:
Bullish (Reversal)

d-2 close < d-2 open AND
d-1 open < d-2 close AND
d-1 close < d-2 close AND
d-1 low < d-2 close AND
d close > d open AND
d close > d-1 high

Pattern: Bullish Engulfing

Direction:
Bullish (Reversal)

d-1 close < d-1 open AND
d open < d-1 close AND
d close > d-1 open AND
d close > d open

Pattern: Hammer

Direction:
Bullish (Reversal)

d close - d open <> 0 AND
(2*abs(d close - d open) <= (d close - d low) OR
2*abs(d close - d open) <= (d open - d low)) AND
(d high == d open OR
d high == d close)

Pattern: Bullish Harami

Direction:
Bullish (Reversal)

d-1 close < d-1 open AND
d close > d open AND
d close < d-1 open AND
d open > d-1 close

Pattern: Bearish Harami

Direction:
Bearish (Reversal)

d-1 close > d-1 open AND
d close < d open AND
d close > d-1 open AND
d open < d-1 close

Pattern: Piercing Pattern

Direction:
Bullish (Reversal)

d-1 close < d-1 open AND
d close > d open AND
d close < d-1 open AND
d open < d-1 close AND
d close > ((d-1 open + d-1 close)/2)

Pattern: Inside Bar

Direction:
Bullish (Reversal)

d-1 close < d-1 open AND
d close > d open AND
d close < d-1 open AND
d open > d-1 close

Pattern: Dark Cloud Cover

Direction:
Bearish (Reversal)

d-1 close > d-1 open AND
d close < d open AND
d close < d-1 open AND
d open > d-1 close

Pattern: Evening Star

Direction:
Bearish (Reversal)

d-2 close > d-2 open AND
d-1 open > d-2 close AND
d-1 close > d-2 close AND
d-1 low > d-2 close AND
d close < d open AND
d close < d-1 low

Pattern: Bearish Engulfing

Direction:
Bearish (Reversal)

d-1 close > d-1 open AND
d open > d-1 close AND
d close < d-1 open AND
d close < d open