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Releases: RauchenwaldC/motivewave-candlestick-pattern-study

v1.0.1 - Intelligent Trend Detection

17 Nov 15:47
@RauchenwaldC RauchenwaldC
v1.0.1
a80831b

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v1.0.1 - Intelligent Trend Detection Latest
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Version 1.0.1 - Intelligent Trend Detection

🎯 Major Enhancement: Smart Trend Detection

This release introduces intelligent trend detection using the industry-standard 50/200 moving average system, dramatically improving signal quality by ensuring patterns only appear when they have predictive value.

✨ What's New

Dual Moving Average Trend Detection (50/200 MA)

The study now uses a sophisticated dual MA system for reliable trend identification:

  • Fast MA (50-period): Provides faster trend confirmation
  • Slow MA (200-period): The gold standard for trend direction
  • MA Slope Analysis: Detects rising/falling trends
  • MA Alignment: Confirms trend strength (50 above/below 200)
  • Configurable Threshold: Price must be 0.5% away from 200MA by default

Context-Aware Pattern Filtering

Patterns now only appear when market conditions make them meaningful:

✅ Bullish Reversals → Only in downtrends

  • Hammer, Inverted Hammer, Dragonfly Doji
  • Bullish Engulfing, Bullish Harami, Piercing Line
  • Morning Star, Three White Soldiers, Three Inside/Outside Up

✅ Bearish Reversals → Only in uptrends

  • Shooting Star, Hanging Man, Gravestone Doji
  • Bearish Engulfing, Bearish Harami, Dark Cloud Cover
  • Evening Star, Three Black Crows, Three Inside/Outside Down

✅ Neutral Patterns → All market conditions

  • Doji, Long-Legged Doji, Spinning Top

Confirmation Patterns Toggle

New dedicated checkbox for confirmation patterns:

  • Three Inside Up
  • Three Inside Down
  • Three Outside Up
  • Three Outside Down

Independent control from general 3-bar patterns setting.

🔧 Improvements

Visual Enhancements

  • Cleaner Charts: Bullish/bearish markers reduced to VERY_SMALL size
  • Better Readability: Neutral patterns remain MEDIUM size for visibility

Better Defaults

  • Trend Threshold: Increased from 0.1% to 0.5% for better reliability
  • Optimal Settings: Pre-configured for immediate use with industry-standard values

Pattern Tooltips

  • Added pattern meanings from The Chart Guys
  • Hover over any marker to see pattern description

📊 Configuration

New Settings

Setting Default Range Description
Require Correct Trend Context ✓ Enabled On/Off Filter patterns by trend
Fast MA Period 50 10-100 Fast moving average
Slow MA Period 200 100-300 Slow moving average
Trend Threshold % 0.5% 0.0-5.0% Price deviation threshold
Detect Confirmation Patterns ✓ Enabled On/Off Three Inside/Outside toggle

🚀 Benefits

Reduced False Signals

Without trend filtering, you might see:

  • "Three Outside Down" (bearish reversal) in a downtrend → meaningless ❌
  • "Morning Star" (bullish reversal) in an uptrend → meaningless ❌

With trend filtering, patterns only appear when they're actually useful ✅

Improved Signal Quality

  • Higher Accuracy: Patterns align with market context
  • Better Timing: Reversal signals appear at trend extremes
  • Cleaner Charts: Less clutter, more meaningful markers

Flexible Configuration

  • Strict Mode (0.1-0.2% threshold): Fewer, higher-quality signals
  • Balanced Mode (0.5% threshold): Recommended default
  • Relaxed Mode (1.0%+ threshold): More signals in ranging markets

📥 Installation

New Users

  1. Download CandlestickPatterns.jar from this release
  2. Open MotiveWave → Study → All Studies → Import
  3. Select the downloaded JAR file
  4. Add "Candlestick Patterns" to your chart

Upgrading from v1.0.0

  1. Download the new CandlestickPatterns.jar
  2. Remove the old version: Study → All Studies → Delete
  3. Import the new version: Study → All Studies → Import
  4. Re-add to your chart with enhanced trend detection enabled!

🔍 Technical Details

Trend Detection Algorithm

UPTREND requires:
- Price > 0.5% above 200MA
- 200MA rising (positive slope)
- 50MA above 200MA

DOWNTREND requires:
- Price > 0.5% below 200MA
- 200MA falling (negative slope)
- 50MA below 200MA

SIDEWAYS when:
- Flat 200MA
- Conflicting signals
- Price within threshold

Pattern Categorization

Patterns are intelligently categorized by their trend requirement:

  • Downtrend Patterns: 14 bullish reversals
  • Uptrend Patterns: 14 bearish reversals
  • Neutral Patterns: 3 indecision patterns + 2 continuation patterns

📚 Documentation

🙏 Credits

  • Pattern definitions: The Chart Guys
  • Trend detection approach: Industry-standard 50/200 MA system
  • Built for: MotiveWave

📝 Full Changelog

See CHANGELOG.md for complete details.

Download CandlestickPatterns.jar below and start trading with intelligent, trend-aware pattern detection!

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Release v1.0.0 - Initial Release

17 Nov 15:21
@RauchenwaldC RauchenwaldC
v1.0.0
2aaac2a

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Release v1.0.0 - Initial Release

Release v1.0.0 - Initial Release

Features

Pattern Detection

  • 33 candlestick patterns across three complexity levels:
    • 11 single-bar patterns (Hammer, Doji, Marubozu, etc.)
    • 10 double-bar patterns (Engulfing, Harami, Piercing Line, etc.)
    • 12 triple-bar patterns (Morning/Evening Star, Three White Soldiers, etc.)

Pattern Information

  • Pattern meanings from Chart Guys definitions in tooltips
  • Hover over any marker to see pattern name and meaning

Customization

  • Configurable pattern type detection (bullish/bearish/neutral)
  • Configurable pattern complexity (1-bar/2-bar/3-bar toggles)
  • Customizable markers, colors, and styles

Smart Detection

  • Intelligent duplicate prevention in continuous trends
  • Pattern priority system (3-bar > 2-bar > 1-bar)

Signal Support

  • BULLISH_PATTERN signal for bullish patterns
  • BEARISH_PATTERN signal for bearish patterns
  • Compatible with MotiveWave alerts and automated strategies

Installation

  1. Download CandlestickPatterns.jar below
  2. In MotiveWave: Study → All Studies → Import → Select JAR
  3. Add to chart: Search for "Candlestick Patterns" → Add

Patterns Included

Single-Bar Patterns

  • Hammer, Inverted Hammer, Shooting Star, Hanging Man
  • Doji, Long-Legged Doji, Dragonfly Doji, Gravestone Doji
  • Bullish Marubozu, Bearish Marubozu, Spinning Top

Double-Bar Patterns

  • Bullish/Bearish Engulfing, Bullish/Bearish Harami
  • Piercing Line, Dark Cloud Cover
  • Tweezer Top, Tweezer Bottom
  • Bullish/Bearish Kicker

Triple-Bar Patterns

  • Morning Star, Evening Star, Morning Doji Star, Evening Doji Star
  • Bullish/Bearish Abandoned Baby
  • Three White Soldiers, Three Black Crows
  • Three Inside Up/Down, Three Outside Up/Down
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