TriStar

 

Description

TriStar is a trend reversal candlestick pattern consisting of three Doji candles. A bullish trend reversal can be predicted after a downtrend when the second Doji gaps down from the first and the third candles. In uptrend, a bearish reversal is recognized when the second Doji gaps up from the first and the third candles.

Input Parameters

Parameter Description
length The number of candles used to calculate the average body height. If the body height of a candle is less than 5% of this average, it is considered a Doji candle.
trend setup The number of preceding candles to check if the trend exists.

Plots

Plot Description
Bearish The bearish TriStar candlestick pattern.
Bullish The bullish TriStar candlestick pattern.


For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.