5.1 Editing Candlestick Patterns

You can now create your own candlestick patterns with our Candlestick Patterns Editor shown in Figure 5.2.

$\includegraphics[width=1\textwidth ,bb=0 0 772 576]{candlestickeditor.png}$

Figure 5.2: Candlesticks patterns editor to manipulate and manage your candlesticks patterns.

Here are some descriptions on how to use the functions in Candlestick Patterns Editor:

List of predefined patterns available for you to edit or access your previously created candlestick patterns.
Fill in your description of candlestick patterns here.
Display of your candlestick patterns. Each line in this diagram represents one bid size.
Edit or create candlestick patterns here with the GUIs. You can add/delete different type of candles, resize, move and save the patterns.
Candlestick configurations. (Please read further for more information on this section.)

Below are descriptions on how to use Candlestick Configurations:

Trend Setup: - Setup the stock price trend (we use Moving Average for trend definition) where you want your candlestick patterns to be located. You can choose None if it does not matter in which trend your candlestick patterns will occur.
MA Period for Trend: - Enter the period (number of days) for Moving Average trend if you choose either Up or Down trend in Trend Setup.
Relative Position Tolerance: - This option defines the bid size tolerance between each candlesticks. For example a Relative Position Tolerance of 2 means that patterns with Candle1 and Candle2 that are off by two bids compare to what is shown on the candlestick diagram can still be detected.
Bid Tolerance Table: - Define the bid size tolerance of each individual candlestick. You can define the tolerance for both shadows and body of the candle. You can choose ignore shadow if it the shadows’ sizes does not matter for your candlestick patterns recognition.