Uncover short-term market reversals and distribution phases with the ultimate bearish price action toolkit. Developed for the NinjaTrader 8 platform, this high-performance indicator scans your charts in real-time to detect, highlight, and alert you to 19 distinct bearish candlestick patterns instantly.
Whether you are looking to time a short entry, manage risk on an existing long position, or scan for macro trend shifts, this fully customizable tool puts comprehensive visual analysis directly on your price panels.
Key Features
- 19 Monitored Bearish Patterns: Track everything from classic single-bar reversals to complex multi-bar continuation and exhaustion structures.
- Real-Time Calculation: Evaluates conditions instantly on bar close to deliver timely, actionable setups.
- Integrated Trend Filter: Uses an adjustable underlying trend baseline to isolate patterns forming within contextually relevant market environments.
- Dynamic Audio & Visual Alerts: Never miss a setup with real-time sound notifications and distinctive on-chart text labels.
- Total Visual Customization: Toggle individual patterns on or off, define distinct colors for every single pattern type, and position text overlays to fit your charting style.
Supported Bearish Patterns
The indicator comprehensively tracks an extensive library of patterns, allowing you to filter for your favorites or monitor them all simultaneously:
| Pattern Category | Included Patterns | Default Highlight Color TXT |
| Reversals & Exhaustion | Advance Block, Dark Cloud Cover, Deliberation, Evening Star, Evening Doji Star, Hanging Man, Shooting Star | Cyan, Magenta, Orange, Medium Purple, Purple, Indian Red, Dark Orange |
| Crow Formations | Identical Three Crows, Three Black Crows, Two Crows, Upside Gap Two Crows | Black, Midnight Blue, Steel Blue, Slate Gray |
| Breakout & Continuation | Downside Gap Three Methods, Downside Tasuki Gap, Falling Three Methods, Thrusting | Red, Dark Red, Maroon, Crimson |
| Line & Confirmation Patterns | InNeck, OnNeck, Three Inside Down, Three Outside Down | Brown, Sandy Brown, Dark Olive Green, Dark Slate Blue |
Comprehensive Settings & Customization
Tailor the tool completely to your trading strategy via the NinjaTrader properties panel:
1. Global Parameters
- Trend Period: Easily configure the underlying trend baseline to fit your trading timeframe.
- Show Text Labels: Globally toggle text identifiers on your chart layout.
- Text Position: Choose whether labels appear cleanly
AboveBarorBelowBar. - Audio Alerts: Enable or disable sound alerts for real-time bars.
- Alert Sound: Select any custom
.wavfile located in your NinjaTrader sounds directory via a simple drop-down menu.
2. Pattern Specific Toggles & Themes
Every single one of the 19 patterns features an independent Use Pattern checkbox alongside an individual color picker. Paint your primary execution patterns in vivid tones while muting secondary confirmation patterns—giving you total structural control over your visual real estate.
💡 Maximizing Performance
For optimal efficiency, the indicator calculates strictly On Bar Close, preventing false signals from fluctuating intra-bar data and ensuring that a pattern is mathematically confirmed before alerting you to action.
The Bearish Candlestick Pattern Indicator is available in these platforms: Ctrader, MetaTrader(MT4, MT5), NinjaTrader 8, MultiCharts, MultiCharts x.NET, Tradingview, Prorealtime, SierraChart.
As shown in the chart below, if the Three Inside Down pattern is detected, it will show the abbreviation as TID on chart.
If the AdvanceBlock pattern is detected, it will show the abbreviation as AB on chart.
