Shooting Star

The Shooting Star Candlestick Pattern Indicator generally signals a bearish trend or the end of a bull trend. This Indicator works by generating a Sell Trade Signal at the end of the pattern, once the pattern has formed.

For more information about this Candlestick Pattern, check out thepatternsite.com. Users will generally want to use this at larger time intervals and to only enable Sell Trade Signals.

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.