Shooting Star is a bearish trend reversal candlestick pattern consisting of two candles.

The Shooting Star candlestick pattern is recognized if:

  • The first candle is bullish and continues the uptrend;

  • The second candle is short and gaps up from the first candle;

  • The second candle has a long upper shadow and does not have the lower one.

Input Parameters

Parameter Description
length The number of candles used to calculate the average body height.
trend setup The number of preceding candles to check if the trend exists.
body factor The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.
shadow factor The factor used when checking if a shadow is long. A shadow is considered long if its length exceeds body height multiplied by this factor.


Plot Description
Bearish The Shooting Star 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.