Candle patterns (Sakata's five rules)
Munehisa Homma · 18th century
What it measures
Reading a turn in sentiment from the shape of a few candles alone. It comes from the Edo-period rice trader who invented the candlestick chart the whole world now uses.
How TickTurn reads it
We look through the last three candles for eight reversal patterns — bullish and bearish engulfing, hammer, shooting star, morning star, evening star, piercing line and dark cloud cover. If none appear, the vote is neutral. This is the indicator that stays silent most often of the 21.
That judgement is made on closed daily bars only; a bar still in progress is left out, because including it makes the same symbol change its answer within the day. On the result screen this indicator holds one vote out of 21.
It is not an answer on its own
If one indicator could call tomorrow, everyone would use only that one. TickTurn asks 21 of them together not because any single one is trusted, but to show plainly where they disagree. Even the combined score, measured against the right baseline, came out only a shade better than chance — the scoring is written up in how we tested.
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