Candlesticks Stock Screener - Candlesticks Strategy Backtest

Japanese candlesticks were invented by Munehisa Homma, a rice trader from Sakata, Japan, in the 18th century. They were used to track the price movements of rice and were later adapted to be used for trading other assets, such as stocks and forex. Traders use candlestick patterns to identify potential trend reversals or continuations and potential entry and exit points for trades. By analyzing these patterns, traders can gain valuable insights into market sentiment and make more informed trading decisions. The advantage of using candlestick patterns is that they can provide a visual representation of price movements that can be easier to interpret than traditional line charts.

Candlesticks	Action
White Body
Black Body
Long White Line
Hammer
Piercing Line
Bullish Engulfing Lines
Morning Star
Bullish Doji Star
Bullish Kicker
Bullish Harami
Dragonfly Doji
Abandoned Baby Bottom
Bullish Counter Attack
Bullish Three White Soldiers
Bullish Advance Block
Long Black Line
Hanging Man
Dark Cloud Cover
Bearish Engulfing Lines
Evening Star
Doji Star
Bearish Kicker
Bearish Harami
Shooting Star
Gravestone Doji
Abandoned Baby Top
Bearish Counter Attack
Bearish Three White Soldiers
Bearish Advance Block
Bullish Marubozu
Bullish Hikkake

Candlestick Basics
Are you candlestick-literate? The widely used candlestick chart is easy to read but also contains some less obvious but valuable clues about momentum and reversal.

Candlesticks, Japanese - Technical Analysis from A to Z
In the 1600s, the Japanese developed a method of technical analysis to analyze the price of rice contracts. This technique is called candlestick charting. Steven Nison is credited with popularizing candlestick charting and has become recognized as the leading expert on their interpretation. I have met investors who are attracted to candlestick charts by their mystique - maybe they are the "long forgotten Asian secret" to investment analysis.