TC2000 Morning Star Candlestick Scan

Description

The TC2000 morning star candlestick scan will return to you stocks that capture the essence of this classic candlestick reversal pattern definition.

How does it work

There are lots of ways to implement the morning star candlestick pattern, so let’s be clear about what The Trade Risk’s looks for:

• 3-bar bullish reversal pattern.
• The first candle is a red bar with above average range.
• The second candle gaps lower, could be red or green, but has a small relative range signaling indecision.
• The third candle gaps higher, is a green bar with above average range and closes above the prior bar.

Features

• Purchase includes exact PCF code and setup instructions.
• Purchase includes additional scan criteria to consider:
  • Average daily volume filter.
  • Complimentary oversold filter.
• Can be used on all versions of TC2000.
• Can be used on any time-frame.
• Can be combined with other criteria to improve accuracy.
• Stack the odds in your favor by using this scan against our weekly curated TR150 watchlist.

Bundle offer

Get a discount when you purchase this Morning Star Candlestick Pattern Scan and its bearish version equivalent in the Morning Evening Star Scans Bundle package.

Any questions? Contact us.