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Manual

C ANDLESTICK P ATTERN S POTTER I NDICATOR

CONTENTS
Import the Indicator to your NinjaTrader Platform.............................................. 2
Indicator Description ........................................................................................... 3
Indicator Settings .............................................................................................. 28
Disclaimer ......................................................................................................... 33

Import the Indicator to your NinjaTrader Platform


To import an indicator to your NinjaTrader, please be sure that you are saving the .Zip indicator
file to your PC and not opening it.
We simply want to save the file, so that it stays zipped. NinjaTrader will do the hard part for us.

Please use the following steps to install the indicator:


Open NinjaTrader
The Control Center will be the first window that is displayed when opening NinjaTrader
Go to Control Center>File>Utilities>Import NinjaScript
Navigate to and choose the indicator file (starts with ncat)
Click 'OK'
Restart NinjaTrader

You can also take a look at the following Link. There you will find a video explanation on how to
install the indicator: https://www.ninjacators.com/Indicator-installation/

Indicator Description
The Candlestick Pattern Spotter does just what its name says, it detects the most common
Candlestick Patterns directly on your chart.
No matter if you day-, swing or position trade this indicator can be a great help spotting profitable
Candlestick Pattern trade setups in any market and on any time frame.
For detailed informations regarding the setup, use and the detailed settings please watch the
detailed video here: CLICK HERE
Below you find an overview and short explanation of the 25 Candelstick Patterns the indicator
automatically detects.

Bearish Engulfing
A bearish engulfing pattern may indicate a reversal pattern when formed in an up-trending
market. This pattern consists of two candlesticks: A small candlestick followed by a large
candlestick. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
2

Trading Pattern
A two day candlestick pattern, which displays an down trend in the market.

Bullish Engulfing
A bullish engulfing pattern may indicate a reversal pattern when formed in a down-trending
market. This pattern consists of a large up body engulfing a preceding small down body, which
appears during a downtrend. The up candle does not necessarily engulf the shadows of the down
candle but totally engulfs the body itself. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
2

Trading Pattern
A two candle pattern, which displays down-trend in the market.

Bearish Harami
A Bearish Harami is a two candle Reversal candlestick pattern that occurs in up-trending market.
This pattern consists of a small body contained within a prior relatively long body. Harami is old
Japanese word for pregnant. The long green candlestick is the mother and the small candlestick
is the baby. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
2

Trading Pattern
A two candle pattern, which displays an uptrend in the market.

Bullish Harami
A Harami is a signal, which implies an approaching potential change. The Bullish Harami is a
candlestick pattern that occurs in down trending markets. This pattern consists of a small up body
contained within a prior relatively long down body. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
2

Trading Pattern
A two candle pattern in a down-trending market.

Bearish Harami Cross


Bearish Harami Cross Pattern is a doji preceded by a long body. The Bearish Harami Cross Pattern
is a major reversal pattern and is more significant than a regular Bearish Harami Pattern. Figure
below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
2

Trading Pattern
A two candle pattern, which displays an uptrend in the market.

Bullish Harami Cross


Bullish Harami Cross Pattern is a doji preceded by a long down body. The Bullish Harami Cross
Pattern is a major bullish reversal pattern. It is more significant than a regular Bullish Harami
Pattern. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
2

Trading Pattern
A two candle pattern in a down-trending market.

Dark Cloud Cover


The Dark Cloud Cover is a two-candlestick pattern signaling a top reversal after an uptrend or, at
times, at the top of a congestion band. It consists of a strong up body in the first candle. The
second candle opens strongly above the previous candle high. However, candle closes near the
low of the candle and well within the up body of prior candle. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
2

Trading Pattern
A two candle pattern in an up-trending market.

Doji
The Doji is a neutral candlestick pattern representing indecision between bulls and bears. If a
security has virtually equal opening and closing prices, this leads to a Doji. The length of the upper
and lower shadows of a Doji can vary and consequently the resulting candlestick may look like a
cross, inverted cross or a plus sign.
A Doji with an equal open and close may be considered more robust but it is also rare in the real
life. Hence, Doji is a particular signal showing indecision about the direction of the market and it
represents a tug of war between buyers and sellers. Doji simply shows that prices have moved
above and below the opening price during the day. It shows that neither the bulls nor the bears
were able to gain control during the day.
The Morning Star and the Evening Star are also doji formations.

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal/Continuation
Indecision
N/A
3

Trading Pattern
The real body is either a horizontal line or it is significantly small.

Evening Star
Evening Star is a bearish Reversal candlestick pattern that occurs in up-trending markets. Evening
Star patterns are the opposite of Morning Star patterns. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bearish
3

Trading Pattern
A three candle pattern in an up-trending market.

Morning Star
A Morning Star is a bullish Reversal candlestick pattern that occurs in a bearish market. It is
composed of a long down body in the first candle, a second small real body (up or down), and
gapping lower to form a star. These two candlesticks define a basic star pattern. The third is an
up candle that closes well into the down real candlestick body of the first session. Figure below
displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
3

Trading Pattern
A three candle pattern in a down-trending market.

Falling Three Methodes


Falling Three Methods is a bearish continuation candlestick pattern that occurs in a declining
markets. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Continuation
Bearish
Bearish
5

Trading Pattern
A five candle pattern in a declining markets.

Rising Three Methodes


The Bullish Rising Three Methods is a continuation pattern representing a pause during a trend
without causing a reversal. This pattern consists of a long green candlestick followed by three
small bodies in three consecutive candles. The small bodies represent some resistance to previous
uptrend and they may even trace a short downtrend. These three reaction candles usually have
down candlesticks but the bodies remain within the high and low range of the up candlestick. The
pattern is an up candlestick completes the pattern on the fifth candle. The small downtrend
between the two long up candlesticks represents a break during the uptrend. The upward trend
then resumes and continues. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Continuation
Bullish
Bullish
5

Trading Pattern
A five candle pattern in an up-trending market.

Hammer
The hammer candlestick consists of a long lower shadow and a closing price near or at the high
of the candle. This type of candlestick is considered bullish after a significant downtrend or in
oversold market. The hammer can be very useful to predict trend reversals; from bearish to
bullish. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Bottom Reversal
Bullish
Bearish
1

Trading Pattern
A one candle pattern in a declining markets.

Inverted Hammer
Inverted Hammer Pattern consists of a long upper shadow and a small real body preceded by a
long down real body. It is similar in shape to the Bearish Shooting Star. The shooting star appears
in a downtrend and thus it becomes a potentially bullish inverted hammer. Figure below displays
the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
2

Trading Pattern
A two candle pattern in a down-trending market.

Hanging Man
The Hanging Man pattern is a single candlestick and a top reversal pattern. It is very similar to the
Bearish Dragonfly Doji pattern. In case of the Bearish Dragonfly Doji pattern, the opening and
closing prices are identical whereas the Bearish Hanging Man pattern has a small real body. Figure
below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
1

Trading Pattern
A one candle pattern in an up-trending market.

Piercing Line
Piercing Line is a bottom reversal pattern. A long red candlestick is followed by a gap lower during
the next candle while the market is in downtrend. The previous candle ends up as a strong up
candlestick, which closes more than halfway into the prior red candlestick real body. Figure below
displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
2

Trading Pattern
A two candle pattern in a down-trending market.

Shooting Star
The Shooting Star Pattern suggests that prices may be approaching to a top, as its name, a
shooting star. The shooting star is a small real body characterized by a long upper shadow, which
gaps away from the prior real body. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
2

Trading Pattern
A two candle pattern in an up-trending market.

Stick Sandwich
The Bullish Stick Sandwich Pattern is characterized by consecutive higher opens for three candles,
but results in an eventual close equal to the first candles close. It may warn that prices are now
finding a support price. We may then see a reversal from this support level. Figure below displays
the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
3

Trading Pattern
A three candle pattern in a down-trending market.

Upside Gap Two Crows


The Upside Gap Two Crows pattern is a three-candlestick pattern and it signals a Reversal. The
first candlestick is a long green candlestick followed by a real body that gap higher. Another down
real body completes the pattern. The later one opens above the open and closes of the second
day candlestick under the second candles close. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
3

Trading Pattern
A three candle pattern in an up-trending market.

Upside Tasuki Gap


The pattern consists of two long up candlesticks with a gap upward between them during an
uptrend. However the pattern also shows a down candlestick on the third candle partially closing
the gap between the first two. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Continuation
Bullish
Bullish
3

Trading Pattern
A three candle pattern in an up-trending market.

Downside Tasuki Gap


The pattern consists of two long down candlesticks with a gap downwards between them during
a down trend. However the pattern also shows a up candlestick on the third candle partially
closing the gap between the first two. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Continuation
Bullish
Bullish
3

Trading Pattern
A three candle pattern in an down-trending market.

Bearish Belt Hold


The Bearish Belt Hold Pattern is a single candlestick pattern and an opening Marubozu that occurs
in an uptrend. The pattern shows that the candle opens on its high; it then rallies against the trend
of the market, and then closes near its low. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
1

Trading Pattern
A one candlestick pattern, which displays an uptrend in the market.

Bullish Belt Hold


The Bullish Belt Hold Pattern is a single candlestick pattern. It is basically a up Opening Marubozu
that occurs in a downtrend. Figure below displays the pattern:

Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
1

Trading Pattern
A one candle pattern in a down-trending market.

Three Black Crows


A Three Black Crows Reversal candlestick formation occurs in uptrends. It's composed of 3 large
bearish candlesticks.
Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bearish
Bullish
3

Trading Pattern
A three candle pattern in an up-trending market.
Note: The three black crows candle formation does not happen very frequently, but when it does
occur, swing traders should be very alert to the crows caw.

Three White Soldiers


A Three white Soldiers Reversal candlestick formation occurs in downtrends. It's composed of 3
large bullish candlesticks. The pattern is the opposite of the three black crows formation.
Trading Pattern
Trend Prediction
Period Trend
Number of Candlesticks

Reversal
Bullish
Bearish
3

Trading Pattern
A three candle pattern in a down-trending and declining market.
Note: The three white soldiers candle formation does not happen very frequently, but when it
does occur, swing traders should be very alert to the crows caw.

Indicator Settings

1
2

10

N U MBE R 1

Global
BarsType: You can choose if you like to use Normal Bars or Heiken Ashi Bars.
NOTE: The Heiken Ashi Bars is a good tool to implement Candle Stick Patterns such
as Doji on your Renko Charts.

N U MBE R 2

Ninjacators
Short Logo: False: This will display the short Ninjacators logo
True: This will display the long Ninjacators logo

N U MBE R 3

Alerts
Choose any sound file within NinjaTrader for the different alerts.

N U MBE R 4

Colors
Each and every color can be set to your personal preferences.

N U MBE R 5

Emails
Send email alerts when a pattern gets triggered
Important: You need to setup your Email in NinjaTrader first. You can watch the video
on how to do that in right here: CLICK HERE TO WATCH A SHORT EXPLANATION VIDEO

N U MBE R 6

Names
Use the default names for the different patterns or choose a name you like to have
for each one of the patterns.

N U MBE R 7

Parameters
EmailAddress: Set up your email address if you like to receive email alerts. You need
to set up your Email in NinjaTrader first. (See Number 5)
Font: Change the Style of the Font
Label Distance: Choose the label distance
Label Height: Choose the height of the label
MatchCandleAndOutlineColor: When set true true the candle outline will have the
same color as the pattern color.
Text Color: Choose any color you like for the text
Trend Strength: Choose the strength of the trend.

N U MBE R 8

Search for
Choose the Pattern you like the indicator to search for. If set to True the indicator
will search for the pattern, if set to False the indicator stops searching for that
particular pattern.

N U MBE R 9

Data
True will update this indicator with every bar close. False will update this indicator
with every incoming tick. We recommend you choose TRUE for this indicator.
Input Series: This default should Not be changed.
Maximum bars look back: TwoHundredFiftySix : Do Not Change

N U MBE R 10

Visual
Auto scale: True
Displacement: 0
Display in Data Box: The Indicator cannot be displayed in the Data Box.
Label: Indicator Name
Panel: Same as input series.
Price marker(s): True or False
Scale justification: Right

Disclaimer
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