To start looking for candlestick patterns, do the following:
1. Make sure the Charts tab is open. Click Patterns in the upper right corner of the working area.
2. Click Select patterns... The Select Patterns window will appear.
3. Select the Candlestick tab. You will see a list of all available candlestick patterns (both pre-defined and those previously added by you).
Tip: New to candlestick patterns? Try selecting commonly found patterns like Hammer or Doji. These are more likely to appear in a typical chart view, so you can get familiar with how patterns are displayed.
4. Double-click the desirable pattern in this list. It will be immediately displayed on the Added Patterns list. Add as many patterns as you like.
5. To customize a pattern, mouse over its pane on the Added Patterns list and click the gear " icon. The following sections are available:
- Inputs and Options. Customize calculation methods and appearance settings. Candlestick patterns offer the same customization options as studies: Show study, Show plot names, Show input names, and Left axis.
- Note that you can also hide patterns using one of the following options:
- Click Patterns and uncheck Show Patterns. To unhide, re-select the option.
- Access the Charts area, right-click the pattern, and select Hide study <name>...
- Click Patterns > Select patterns. In the Displayed patterns window, mouse over the pattern pane and click the eye n icon. To unhide the pattern, click the eye o icon again.
- Plots. Customize the visual representation of candlestick patterns in the Charts area. For more information, see Plots.
6. To remove a candlestick pattern, mouse over its pane and click 'x'. To clear the list, click Remove all.
7. Once you’ve finished the customizations:
- Select Apply to see configurations without closing the Select Patterns window.
- Select OK to save configurations and exit the Select Patterns window.
- Select Cancel to discard configurations and exit the Select Patterns window.
Disclosures
The information presented in this guide is for educational and informational purposes only. Not investment advice, or a recommendation of any specific security, strategy, or account type.
Past performance of a security or strategy does not guarantee future results or success.
Market volatility, volume and system availability may delay account access and trade executions.
While this manual discusses technical analysis, other approaches, including fundamental analysis, may assert very different views. Technical analysis is not recommended as a sole means of investment research.
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