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Custom Studies
Name: Evening Star
The Evening Star is a bearish twin of the Morning Star. Its name stems from the evening star (Venus) that appears before darkness. The Evening Star pattern signals a reversal at the peak. That is why it should be acted upon only if it appears after an upward move. The Evening Star is composed of three candlesticks. The first two candlesticks are a long white body followed by a star. This star is the first sign of the market nearing a peak. The third confirms the formation of a peak and completes the evening star pattern, consisting of three candles. The third candlestick has a black body, covering a considerable part of the first candlestick's white body.

Syntax: c\4\<c\3\ and o\4\<o\3\ and c\3\<c\2\
and o\3\<o\2\ and o\1\>c\2\ and c\1\>c\2\ and 3*Abs(o\1\-c\1\)<(c\2\-o\2\)
and c<o and o<Min(o\1\,c\1\)-0.5*Abs(o\1\-c\1\)and c\1\<>o\1\

Download to import into Tradecision.

How to use this custom study in Tradecision:
  1. Click Download.
  2. Save this study in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click the Study Builder.
  4. In the Study Builder dialog, click Import, locate the saved file and then click OK. Now you can insert the study directly into a price chart or modify it like any other study.
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