Back-testing of some candlestick patterns
Back-tested patterns shown below on 500 stocks (Nifty 500 stock group as on today) since inception on daily timeframe charts. Below is some interesting information. I was doing to design multi-chart setups. But the information in the thread can be useful for people practicing candlestick chart patterns. There are many patterns & we keep coming across more. The data can give you a rough idea about the past performance of patterns. Patterns are defined based on the popular rules of identifying them. I have also tested bearish patterns for bullish trades and vice versa (Contra approach). Criteria: Hit ratio & returns of pattern giving 1:1 risk-reward if the entry is at the closing price of the pattern. Some top bullish patter...
