Hanging Man

The Hanging Man candlestick pattern indicator generally signifies the end of a bear market or downtrend. This indicator works by generating buy signals after the pattern has formed.

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Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.