TC2000 Shooting Star Candlestick Scan

$39.00

The TC2000 shooting star scan is a classic reversal pattern that traders have been using for decades to find bearish turning points.

Description

The TC2000 shooting star scan will return to you stocks that fit this classic candlestick reversal pattern definition.

How this screener works

There are lots of variations and interpretations of what makes up a shooting star pattern, so let’s be clear about what Trade Risk’s looks for:

  • The body should be less than 1/3 the size of the candle range
  • There should be little to no lower wick
  • The formation of the body should occur in the bottom quarter of the range

Please note: in the above demonstration video the pattern is referred to as an inverted hammer, but it is the bearish potential turning point: shooting star formation.

Scan features

  • Purchase includes exact PCF code and setup instructions
  • Purchase includes additional recommended scan criteria:
    • Average daily volume filter
    • Complimentary overbought 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

Add to cart

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!

Bundle offer

Get a discount when you purchase this Shooting Star Candlestick Scan and its bull version equivalent in the Hammer Candlestick Scans Bundle package.

Additional information

Product Type

Bearish

Platform

Worden TC2000

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