What is this indicator?
Single or multi-candle shapes (like the hammer, engulfing, and doji) that reveal the momentary psychology of buyers and sellers. These patterns carry more weight when they form at an important support or resistance zone.
How to read the chart
A pattern forming completely and getting confirmed by volume or the next candle raises the signal's validity; an incomplete or unconfirmed pattern can produce the opposite result.
Practical tip
A pattern's validity increases on higher timeframes and with heavier trading volume; on very low timeframes there's a lot of noise.