Hikkake Pattern by Daniel Chesler

v10.3
Hikkake Pattern by Daniel Chesler

The hikkake pattern, or hikkake, is a technical analysis pattern used for determining market turning-points and continuations. It is a simple pattern that can be observed in market price data, using traditional bar charts, point and figure charts, or Japanese candlestick charts. The pattern does not belong to the collection of traditional candlestick chart patterns.

Though some have referred to the hikkake pattern as an “inside day false breakout” or a “fakey pattern”, these are deviations from the original name given to the pattern by Daniel L. Chesler, CMT and are not popularly used to describe the pattern. For example, the name “hikkake pattern” has been chosen over “inside day false breakout” or “fakey pattern” by the majority of book authors who have covered the subject.

(description from Wikipedia).

 

 

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. swapping • 11/30/2017 #

    excellent petit script qui s’adapte sur n’importe quelle unité de temps en fond de tâche, good job violet 😉

  2. simone • 11/30/2017 #

    i install the indicator..but nothing appear…

  3. Tradesun • 11/30/2017 #

    bellissimo indicatore, vorrei chiedere se è possibile modificare il codice per fare anche lo screener. Grazie

  4. CKW • 11/30/2017 #

    Thanks Violet for your sharing.
    I think long setup is “Inside bar + Fakebearbar” then wait for Signal bar to cross over Insidebar High. Anyway, codes are correct.

  5. Gianco • 11/30/2017 #

    L’ho provato e dà buone indicazioni , anche se alcune brevi , sul giornaliero e il 4 ore , lo sto testando sul 10 minuti di cui compaiono alcune flase partenze , però si può controllare con altro . Ecco volevo chiedere , è possibile al comparire di una freccia nuova mettere un segnale acustico o far intervenire una finestra tipo ProOrder Auto Trading ? Fare qualcosa che avvisi ? Grazie .

  6. Gianco • 11/30/2017 #

    I tried it and gives good directions, although some short, on the daily and 4 hours, I’m testing the 10 minutes of which appear some departures, but you can check with others. Here I wanted to ask, it is possible to appear a new arrow to put an acoustic signal or to intervene a window like ProOrder Auto Trading? Do something that alerts you? Thank you .

  7. Gianco • 11/30/2017 #

    I tried it and gives good directions, although some short, on the daily and 4 hours, I’m testing the 10 minutes of which appear some departures, but you can check with others. Here I wanted to ask, it is possible to appear a new arrow to put an acoustic signal or to intervene a window like ProOrder Auto Trading? Do something that alerts you? Thank you .

  8. baaz • 11/30/2017 #

    Thanks for this simple code. How would you readjust it to only show reversals?

    Chesler adds following requirements to it:

    Take the standard hikkake pattern and and apply the following set of requirements to the bard immediately preceding the “inside” bar:

    1) The bar must close at the top of its range (for top reversals) or the low of its range (for bottom reversals)

    2) The bar’s range must be less than the range of the previous bar.

    Thanks.

  9. Gianco • 11/30/2017 #

    Violet, congratulations, I checked your code in different time frames, and in many situations I found 50% of useful results, which are really few, but an indicator is very reliable and excellent results and I can tell you how and where to use it . But I need to know first, how to compensate, how you can make an alert, acoustic, visual, or anything else that when you form the arrow give me a signal. I await, thank you

  10. jeanroger411 • 11/30/2017 #

    thanks

  11. Gregg • 11/30/2017 #

    Hi all,
    is there anyone who is using this pattern?
    It’s been 3 days I’m trying it and I’m not sure to use it correctly.
    For example how to adjust TP and SL? Sometimes I have a signal, I enter in position and the signal disappear…
    Thanks in advance for your help

    • Violet • 11/30/2017 #

      Hi Gregg,

      TP and SL? There are no variables by those names.

      The signal appears/disappears because the bar/candle you are in at that moment has not yet come to its full time conclusion.
      Do not use it for trading purposes until the candle with the red or green arrow has run its full course , and a new candle has begun.

      Greetz

  12. Marcus Quartus Aurius • 252 days ago #

    Thanks great job !

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