|Posted on April 23, 2014 at 1:35 PM|
The Candlestick Pattern indicator has been updated so that you can search for patterns that have occurred on prior bars. For example, some of the patterns work better when the next day gives a confirmation, like the doji. If you have a doji at the top of a move and the stochastics are indicating an overbought region then if the day after the doji is a down day you have a higher probability of a down move occurring. You can use this indicator to find patterns that occurred yesterday, two days ago, 2 weeks ago, etc. Give it a try and let us know what you think!