The Shooting Star is a candlestick consisting of a small body and a long upper wick, while the lower wick is non-existent or very small. When the Shooting Star forms in a bullish trend it indicates a change in market psychology and thus marks a probability of a bearish reversal.
The indicator reveals the Shooting Stars on the charts by indicating them with a red arrow above the candle.
Different parameters are adjustables to reveal only the Shooting Stars that meet your criteria. Totality of these settings are done without modifying the code, in a very simple way via the indicator's configuration menu.
Adjustable validation criteria :
Available filters :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
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