It should be obvious that filtering candle patterns with popular indicators is an almost certain method of improving your trading results. Not only does it provide better overall gains from a simple trading system, it will almost always reduce the number of trades.
Note: Chart includes garter edge stitches. Directions Cast on 97 sts using Shimmer and size 4 needles. Work in garter stitch (knit every row) for 18 rows. Next row (RS): K8, work row 1 of Candle Flame Pattern, K8. Continue following Candle Flame Pattern while knitting the first and last 8 sts of each row to create the border. It may be helpful to place stitch markers between pattern repeats. Pattern repeats occur between *s in written directions and are outlined in the chart. Repeat rows 1-36 of Candle Flame Pattern for 70”. Finishing Work next 18 rows in garter...
Candlesticks are one of the most powerful technical analysis tools
in the trader's toolkit. While candlestick charts dates back to
Japan in the 1700's, this form of charting did not become popular
in the western world until the early 1990's. Since that time, they
have become the default mode of charting for serious technical
analysts replacing the open-high-low-close bar chart.
There has been a great deal of cogent information published on
candlestick charting both in book form and on the worldwide web.
Many of the works, however, are encyclopedic in nature.
Candlestick lines and charts -- traditional Japanese charts whose individual lines look like candles, hence their name. The candlestick line is comprised of a real body and shadows. See "Real body" and "shadow."