TC2000 Morning Star Candlestick Scan

$39.00

The TC2000 morning star candlestick scan is a powerful reversal pattern that captures the shift in supply demand dynamics from sellers over to buyers.

Description

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

How this screener works

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

Scan 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

Please note: all sales are final. This is an instant digital download and you will receive the source code immediately upon purchase. We encourage you to contact us prior to check out if you have any questions about this scan or if you would like to see the latest stock results. Thank you for your understanding!

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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.

Additional information

Product Type

Bullish

Platform

Worden TC2000

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