Stock Candlesticks Guide
Drawing Stocks Candlesticks on MetaTrader 4
To draw these stocks candlesticks on the MT4, select the charts plotting tools within the "MT4 Tool-bar" - shown below.
To view this tool-bar in MT4 navigate to 'View' Next to file at top left corner of the MT4 Platform, Click 'View', Then Click 'Toolbars', Then check 'Charts' Button Key. Above toolbar will appear.
Once the above toolbar, appears you can then select the type you want to convert to, If you want to trade using the bar charts, click the bar tool button as shown above, for line charts click the line tool button, for Japanese candlesticks patterns format click the "candlesticks charts tool button".
Stock Candles Guide
Doji Stocks Candlesticks Guide
This is a stocks candle pattern with same opening & closing stocks price. There are various types of doji candles pattern that form on Stocks charts.
The following examples illustrate various patterns of the doji candle-stick:
Long-legged doji candle pattern has long upper & lower shadows with opening & closing stocks price at the middle. When the Long-legged doji pops up on a Stocks chart it indicates indecision between stock traders, the buyers & sellers.
Below is example screenshot image of the Long Legged Doji stock candlesticks pattern
Doji Stock Pattern - Doji Stocks Candles Guide
Doji Stock Pattern - Doji Stocks Candles Guide
Marubozu Stocks Candles Guide
Marubozu stocks candle pattern are long candles that have no upper or lower shadows, Like ones displayed below.
Marubozu Candlesticks - Marubozu Stocks Candles Guide
Marubozu stocks candlestick pattern are continuing stocks candlestick patterns that show stocks price is going to continue in same direction as that of the marubozu candlestick. The marubozu candles pattern can be white/blue or black/red depending on direction of the market trend.
Spinning Tops Candles Stocks Candles Guide
Spinning tops stocks candlestick pattern have a small body with long upper and lower shadows. These spinning top candlesticks patterns are referred to by this name because these candles arrangements are similar to spinning top on a match-stick.
The upper and lower shadows of the spinning tops stocks candlesticks pattern are longer than the body. Examples illustrated and described below shows the spinning top candle pattern. You can look for pattern on your MT4 Stocks Platform stocks charts. Example illustrated and described below shows a screen-shot to help traders when it comes to learning and understanding these stocks candlestick pattern.
How to Read Stocks Candlestick Charts - Spinning Tops Stocks Candles Guide
The color of the spinning top candle stocks candle-sticks pattern is not very important, this formation show the indecision between the buyers & sellers in the Stocks market. When these stocks patterns appear at the top of a stocks trend or at the bottom of the stocks trend it might signify that the stocks trend is coming to an end & it may soon reverse & start going the other direction. However, it is best to wait for confirmation signals that the direction of a stocks has reversed before trading the signal from this stocks candlestick pattern formation.
Hammer Candlestick Pattern & Hanging Man Candle Pattern Stocks Candles Guide
Hammer Candlestick Pattern & Hanging Man Candlestick Pattern candles look alike but hammer is bullish reversal stocks candle pattern & hanging man is a bearish reversal stocks candlestick pattern.
Hammer Candle Pattern and Hanging Man Candle Pattern - Stocks Candles Guide
Hammer Candlestick Stocks Candles Guide
Hammer stocks candle pattern is a potentially bullish stocks candle pattern which forms during a stocks downwards trend. It is named so because the stocks market is hammering out a market bottoms.
Hanging Man Candle Stocks Candles Guide
This hanging man candlestick pattern is a potentially bearish stocks reversal signal that occurs during a stocks upwards trend. It is named so because it looks like a man hanging on a noose up high.
Hanging Man Candle Pattern - Stocks Candles Guide
Inverted Hammer Candle Stocks Candles Guide
This is a bullish reversal candlestick pattern. It occurs at the bottoms of a Stocks trend.
Inverted hammer candle pattern occurs at the bottom of a down stocks trend and indicates the possibility of reversal of the downwards Stocks trend.
Inverted Hammer Candle Pattern - Stocks Candles Guide
Shooting Star Candlestick Stocks Candles Guide
Shooting Star is a bearish reversal candle pattern. It occurs at the tops of a stock trend.
Shooting Star stocks candle pattern occur at the top of an up stocks trend in the Stocks market where the open stocks price is the same as the low & stocks price then rallied up but was pushed back downwards to close near the open.
Shooting Star Candlestick - Stocks Candles Guide
Piercing Line Candlestick Stocks Candles Guide
Piercing line candle stick pattern is a long black body followed by a long white body candle-stick.
The white body pierces the mid point of the prior black body.
This Piercing Line stocks candlestick pattern is a bullish reversal candle pattern that forms at the bottom of a market downwards stock trend. It shows that the stocks market opens lower and closes above the midpoint of the black body.
This Piercing Line stocks candlestick pattern shows that the momentum of the down stocks trend is reducing & stocks market stocks trend is likely to reverse and move in an upward direction.
This Piercing Line stocks candle pattern is shown referred to as a piercing line signifying the stocks market is piercing the bottoms showing a market floor for the stock price downward trend.
Piercing Line Stock Candle Pattern - Stocks Candles Guide
Dark Cloud Cover Candlestick Stocks Candles Guide
Opposite of piercing candle stocks candle.
This candlestick is a long white body followed by a long black body.
Black body pierces the midpoint of the prior white body.
This is a bearish reversal stocks pattern which forms at the top of an upwards stock trend.
Dark Cloud cover stocks candlestick pattern that the stocks market opens higher and closes below the midpoint of the white body.
Dark Cloud cover stocks candlestick pattern shows that the momentum of the up stocks trend is reducing & stocks market stocks trend is likely to reverse and move in a downward stocks direction.
Dark Cloud cover stocks candlestick pattern is shown known as a cloud cover signifying the cloud as a ceiling for stock price upward trend.
Dark Cloud Cover Candlestick Pattern - Stocks Candles Guide
Morning Star Candlestick Stocks Candles Guide
Morning Star Candle Pattern - Stocks Candles Guide
Evening Star Candlestick Stocks Candles Guide
Opposite of the morning star candlesticks pattern
Evening Star Candle Pattern - Stocks Candlesticks Guide - Candlestick Guide
Engulfing Candles Patterns
Engulfing is a reversal candlestick pattern which can be bearish or bullish depending upon whether it appears at the end of a stocks market down stocks trend or at the end of a stocks market upward trend.
Bullish & Bearish Engulfing Candles Patterns - Stocks Candles Guide
Drawing Stock Candlesticks in MetaTrader 4 Platform - Candles Patterns Guide for Day Trading
