Skip to content

v1.0.1 - Intelligent Trend Detection

Latest
Latest

Choose a tag to compare

View all tags
@RauchenwaldC RauchenwaldC released this 17 Nov 15:47
v1.0.1
a80831b

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!

Assets 3
Loading