Analysis Techniques & Strategies

$image\insert_showme.gif$ C_MornStar_EveStar (ShowMe)


Morning Star	Evening Star

C_MornStar_EveStar displays a ShowMe for two Japanese candlestick patterns; Morning Star and Evening Star.

Morning Star is defined a:

A three candlestick pattern, the first is a long red candle, followed by a small body candle that gaps lower to form the star, the third is a green candle that closes well into the first candles real body
The first candle body needs to be larger than the average body

Evening Star is defined as:

A three candlestick pattern, the first is a long green candle, followed by a small body candle that gaps higher to form the star, the third is a red candle that closes well into the first candles real body.
The first candle body needs to be larger than the average body

Input Information

Name	Default	Description
Length	14	Length used to calculate the average body

Morning Star may be considered a bullish reversal pattern. If the second day is a doji, it is considered a Morning Doji.

Evening Star may be considered a bearish reversal pattern. If the second day is a doji, it is considered an Evening Doji.

Morning Star plots on the High when true for the current bar.

Evening Star plots on the Low when true for the current bar.