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QUESTIONS

(1) What is HotCandlestick.com all about and how much does the service cost? How do I cancel my subscription?


(2) How do I read a Japanese candlestick chart?


(3) Where did the candlestick charting technique and analysis originate?


(4) What software/hardware is required to access HotCandlestick EOD service?


(5) Which Japanese candlestick patterns does HotCandlestick.com track for me daily?


(6) What criteria are considered when calculating the strength of a candlestick pattern? And, how do I interpret the strength value?


(7) Why do I see a Bullish Engulfing (or any other) candlestick pattern for a specific stock yet it is not identified on HotCandlestick.com?


(8) Is there a good book on Japanese candlesticks?


(9) What are the technical support telephone number and other contact information?


(10) What if I forgot my password or username?


(11) Having problems logging in?


(12) Where is the glossary of candlestick charting terms located?


(13) What are examples of database queries I can perform as a subscriber of the HotCandlestick service?


(14) Where do I go to do a daily search of candlestick patterns by putting in my criteria?


(15) Where do I go to look at the various candlestick patterns and figure out which are stronger versus weaker indicators of historical price movement (SCORE)?


(16) Are the intraday candlestick patterns identified by HotCandlestick pretty accurate--meaning, are the delayed signals given, at say 12:58pm PST, consistent with what you would get end of day?


(17) Why are the HotCandlestick charts always shown using a logarithmic price scale?


(18) When is the daily update of candle patterns complete on HotCandlestick.com?


(19) How do I search for all bullish weekly candle patterns that have appeared within the last couple of weeks?


(20) I'd like to subscribe to quarterly or annual membership at the reduced rate. My account is already charged with $18.00/30 days. Can you change it to quarterly or annual auto-renew for me?


(21) Why is it sometimes I find bearish patterns listed on the first page when I login (Page titled "Top LONG (BUY THEN SELL) candles found today based on historical data")? I do not understand why a bearish pattern would indicate a bullish condition.


(22) How frequently are the forex charts updated throughout the day?


(23) I'm a subscriber and see % gains for each of the following 5 days after a candle pattern. How are these % gains calculated?


(24) Which currency pairs are tracked?


(25) Are stock price and volume data adjusted for splits and dividends?

(1) What is HotCandlestick.com all about and how much does the service cost?

HotCandlestick.com is a candlestick pattern identification data service, not an investment advisory service. Click or tap here for a more in-depth introduction to learn about HotCandlestick.com.

Click or tap here to search for stocks or currencies covered by HotCandlestick.com.

HotCandlestick.com, LLC offers short-term traders stock technical analysis services based upon Japanese candlestick charting techniques. Payment is by credit card, e-check or cash transfer from your bank account via PayPal. Online you can pay in your own currency using Paypal. Canadian Dollars, Euros, Pounds Sterling (), Yen (), U.S. Dollars accepted. Make sure you create your HotCandlestick login first by filling out the signup form.
Click or tap here to view the payment options.

HotCandlestick Service ($18.00 / 30 days, $45.90 / 90 days, or $151.20 / year): End of day daily, weekly and intraday candlestick analysis of stocks traded on the AMEX, NYSE, NASDAQ, Toronto (TSE) and the Canadian Venture (Cdnx) exchanges. Index and Sector ETFs and ETNs included. FOREX (currency market) included. Searchable/sortable historical end of day data going back to 1992 - updated daily. Swing traders love this one. Intraday data is not searchable or sortable, instead it is shown only on the large charts and is delayed. View the benefits then signup for the HotCandlestick service.

CANCELLATION OF SERVICE:  

If for any reason you are unsatisfied with the service within the first 30 days then use the support form to request a refund of your first subscription payment and we will issue the refund then cancel your subscription, no questions asked. Limit 1 refund per subscriber. An eligible refund is not automatically applied and must be requested within the 1st 30 days of the subscription. Refund is available only for the first payment. Please include your login id and the date that you wish to cancel.



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(2) How do I read a Japanese candlestick chart?

Japanese candlesticks offer a glimmer into the psychology of short-term trading activity. Candlesticks can show whether the buyer or seller has control of the market. The high and low are described as shadows and plotted as a single line.


The price range between the open and close is plotted as a rectangle on the single line. If the close is above the open, the body of the rectangle is white. If the close of the day is below the open, the body of the rectangle is red.


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(3) Where did the candlestick charting technique and analysis originate?

The Japanese developed a method of technical analysis to analyze the price of rice contracts. Today, this technique is called candlestick charting. Click here to read more about the history of candlesticks.


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(4) What software/hardware is required to access HotCandlestick EOD service?

There is no special software or hardware to install or download. Members have full access to the HotCandlestick.com databases directly through their web browser. Databases are updated each day the US market is open for business. The databases are searchable and sortable via a simple search form accessed via the "Search Databases" button.

So have a look around and sign up today!
There is simply no other web based stock service providing this level of daily analysis.

The HotCandlestick.com service works fine with nearly every operating system and web browser.


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(5) Which Japanese candlestick patterns does HotCandlestick.com track for me daily?

Graphical version


List of 16 candlestick chart patterns signaling a potential continuation of price trend...

Bearish
Bullish
 
 


List of 50 candlestick chart patterns signaling a potential reversal of price trend...

Bearish
Bullish
» Hammer
» Harami
» Harami
» Kicking
 
 



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(6) What criteria are considered when calculating the strength of a candlestick pattern? And, how do I interpret the strength value?

Click or Tap Here.



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(7) Why do I see a Bullish Engulfing (or any other) candlestick pattern for a specific stock yet it is not identified on HotCandlestick.com?

HotCandlestick.com calculates what is considered a valid pattern based on criteria such as the recent trend of the stock price, number of candlesticks in the pattern, the 14-day average volume and our definitions of short and long body candlesticks. To avoid displaying less meaningful signals that are generated by thinly traded securities, only securities averaging at least 120,000 shares / day and have an average close of at least $1 / share for the previous 14 days are considered by HotCandlestick.com in scans for candlestick patterns.

Long and short candle body sizes are determined using a relative comparison of the previous 25 daily candle bodies on a stock by stock basis. This method of determining candle body size means that a non-volatile stock such as an ETF based on an index may have a long candle definition of a 1.4% price movement from the opening to closing price. And a volatile stock may have a long candle definition of 8.7% price movement from the opening to closing price.


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(8) Is there a good book on Japanese candlesticks?

There are many good books on Japanese candlestick charting and candlestick pattern analysis.

"The Complete Guide to Using Candlestick Charting: How to Earn High Rates of Return - Safely" is good.




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(9) What are the technical support telephone number and other contact information?

Please use the Contact Form.

Make sure that your email account is not over quota so you are able to accept new email.

If you have email address wait listing turned on in your email settings then you will not get a response unless you add an exception for the hotcandlestick.com domain. In your email settings look for something like 'Wait Listing' or 'White List'. You can usually add a domain or email address to your email white list so that important email does not go to your junk or spam folders.


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(10) What if I forgot my password or username?

You can retrieve your username and password by using the bottom form (outlined in red) located here.

Make sure that your email account is not over quota so you are able to accept new email.

If by the slim chance that you have wait listing turned on in your email then please whitelist email coming from hotcandlestick.com otherwise you will not get a response to your email inquires.


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(11) Having problems logging in?

If you created your USER ID from a mobile device like a phone or tablet then by default your USER ID probably begins with a capital letter unless you turned off CAPS. In that instance try logging in again with the first letter in your USER ID capitalized.

There are 2 products, the free portfolio manager and the paid HotCandlestick service. If you paid for the service then make sure you create a login id and password for the paid HotCandlestick service even if you already have a free portfolio tracker account.

Here is the login procedure for the paid HotCandlestick service...

1. Click the "Log In" text link on the left navigation panel at hotcandlestick.com

2. Click "Member Pages" text link

3. A gray login box should pop-up. Enter your login information (both are cAsE sEnSiTiVe).

4. You are now logged in. You should see a new set of navigation buttons on the left...

If you are still having trouble then you may need to

LOG OUT of your Internet browser and try again. Make sure to use 'exit' for both the user id and password in order to successfully log out.


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(12) Where is the glossary of candlestick charting terms located?

RIGHT HERE :-)

REAL BODY

The real body is the rectangle made by the difference between the open and close of the trading day. The real body will be white on days that the stock closes higher than it opens, and red on days that it closes lower than it opens.

SHADOWS (UPPER AND LOWER)

The upper shadow is the vertical line drawn from the top of the candlestick's real body to the days high. The lower shadow is the vertical line drawn from the bottom of the candlestick's real body to the days low.



LONG DAY

A candlestick which displays a big difference in opening and closing price compared with typical trading days in the previous 25 days.

SHORT DAY

A candlestick which displays a small difference in opening and closing price compared with typical trading days in the previous 25 days.

MARUBOZU

A candlestick that displays non-existent or insignificant upper and lower shadows.

DOJI

A candlestick that with a closing and opening price either identical or very close (compared to previous 25 days).

STAR

A candlestick with a small real body that gaps above or below a long candlestick occurring the previous day.

TREND

The general movement of a stock's value over a period of time. If a stock's price is generally increasing over a short period of time it is said to be in a bullish trend. If a stock's price is generally decreasing over a short period of time it is said to be in a bearish trend.

CANDLESTICK PATTERN

A candlestick or group of candlesticks forming a stock price pattern identified in many popular books and websites.

STRENGTH

A loose measure of the potential for a move in the stock price in the direction indicated by the candlestick pattern based on its general texbook definition found in many texts, online sources and on this website. Large positive values show strong correlation of the candlestick pattern with the candlestick technical indicators used on HotCandlestick.com. Negative values show conflict between the candlestick indicator (bullish or bearish) as defined on HotCandlestick.com and the recent price trend prior to the candlestick pattern. In general, the more individual candlesticks that make up a pattern, the higher the strength value. Recent price trends are considered and affect the polarity of the strength value.

VOLUME

HotCandlestick.com displays the daily, weekly and/or the 14-day or 14-week simple average volume.

VOLUME BY PRICE

HotCandlestick.com displays the volume by price on the charts as a light blue horizontal bar for each of the price intervals for which the stock has made a close. Volume by price combines both volume and price data into one convenient tool. The bars are drawn based on the closing prices. Volume by price can be used to find at which prices most of the volume has occurred for the time frame indicated on the chart. This can be helpful to determine meaningful support & resistance levels. Price ranges of high volume can indicate support when the stock is trading near a low just above a high volume area. Likewise, price ranges of high volume can indicate resistance when the stock is trading near a high just below a high volume area. Areas of low volume can indicate uncertainty. Areas with no volume indicate price gaps. Price by volume should not be used as a sole indicator as it is subjective.

INTRADAY MOMENTUM INDEX

The Intraday Momentum Index (IMI) was developed by Tushar Chande. The calculation of the IMI is very similar to the RSI (Relative Strength Index), except it uses the relationship between the intraday opening and closing prices to determine whether the day is 'up' or 'down.' If the close is above the open, it is an up day. If the close is below the open it is a down day. Therein lies its tie to candlestick charting. For those people familiar with candlestick charting, the IMI separates the red and white candlesticks and performs a RSI calculation on the candlestick bodies. The HCS IMI (HotCandlestick Intraday Momentum Index) is based on the Chande IMI, however is slightly different.

Overbought/Oversold: Index values above 70 indicate a potential overbought situation with lower prices ahead. Values below 30 indicate a potential oversold situation with higher price ahead. As with all overbought/oversold indicators, you should first quantify the prior trend of the market before acting on the signals. HotCandlestick.com automatically computes the trend strength and incorporates it into the Strength calculation. Indicators like the VHF (Vertical Horizontal Filter), CMO (Chande Momentum Oscillator), and r-squared can also be used to gauge the prior trend of the market.

Divergences: The basic premise behind the IMI is that shifts in intraday momentum lead shifts in interday momentum. Look for divergences between the indicator and the price action. If the price trends higher (lower) and the IMI trends lower (higher), then a reversal may be imminent.

Candlestick Confirmation: The IMI is useful in confirming candlestick patterns. For example, before acting on a bullish candlestick pattern, you may want to confirm the bullishness with the IMI.

FAST STOCHASTIC (%K)

Overview: Sto.chas.tic (sto kas'tik) adj. 2. Math. designating a process having an infinite progression of jointly distributed random variables. --- Webster's New World Dictionary

The Stochastic Oscillator compares where a security's price closed relative to its price range over a given time period.

Interpretation: The Stochastic Oscillator is displayed as two lines. The main line is called "%K." The second line, called "%D," is a moving average of %K. The %K line is usually displayed as a solid line and the %D line is usually displayed as a dotted line.

There are several ways to interpret a Stochastic Oscillator. Three popular methods include:

[1] Buy when the Oscillator (either %K or %D) falls below a specific level (e.g., 20) and then rises above that level. Sell when the Oscillator rises above a specific level (e.g., 80) and then falls below that level.

[2] Buy when the %K line rises above the %D line and sell when the %K line falls below the %D line.

[3] Look for divergences. For example, where prices are making a series of new highs and the Stochastic Oscillator is failing to surpass its previous highs.

HotCandlestick.com currently considers only the 14-day fast stochastic (%K) when displaying data tables. The reasoning behind this is that when using daily candlesticks as a trading guide, HotCandlestick.com finds the most value in the 14-day fast stochastic. Currently only the %K crossover with the HCS IMI is considered.

FIBONACCI RETRACEMENTS

Dedicated a whole page to Fibonacci Retracements.


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(13) What are examples of database queries I can perform as a subscriber of the HotCandlestick service?

At the following link you will find screen captures of some stock screens that you may perform as a HotCandlestick subscriber. Click or tap here for examples.


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(14) Where do I go to do a daily search of candlestick patterns by putting in my criteria?

Click the Login link at hotcandlestick.com and login. After you login click the navigation button labeled "Search Databases" on the left navigation panel. This takes you to the page where you should enter your criteria. There are 3 separate databases to search.


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(15) Where do I go to look at the various candlestick patterns and figure out which are stronger versus weaker indicators of historical price movement (SCORE)?

This is the 3rd (bottom - pink) database form under the "Search Databases" page.
See Question 14.


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(16) Are the intraday candlestick patterns identified by HotCandlestick pretty accurate--meaning, are the delayed signals given, at say 12:58pm PST, consistent with what you would get end of day?

The patterns found in the middle of the trading day are based on the exact same formulas as the end of day candlestick analysis. However, since prices of any given stock can change quickly throughout the day, especially toward the close that means you may or may not end up with a candlestick pattern at the end of the day even though one appeared during the day. Subscribers should follow the charts on the site for a few days to get a better feel for this. Intraday data is not searchable or sortable, instead it is shown only on the large charts and is delayed. The intraday candle is highlighted in green as it forms on an intraday daily (not hour or minute) chart.


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17) Why are the HotCandlestick charts always shown using a logarithmic price scale?

HotCandlestick.com charts show the log price scale because this is much more natural when dealing with candlesticks (and other trading systems such as Elliott Waves). When candlesticks are plotted on a log price scale, this means a candlestick at the upper price range of the same length and color as a candlestick in the lower price range has THE SAME PERCENTAGE CHANGE in price. This allows you to decern much more easily between a "long" candlestick and a "short" candlestick than when prices are plotted on a regular (non-log) price scale.


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(18) When is the daily update of candle patterns complete on HotCandlestick.com?

The date and time displayed at the top of the screen at HotCandlestick.com shows when the candlestick patterns are finished updating on the charts. The rest of the site including the databases are updated with the current end of day patterns by 6pm CST.


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(19) How do I search for all bullish weekly candle patterns that have appeared within the last couple of weeks?

1. Go to "Search Databases" page.

2. Scroll down to the form labeled "Detailed Search for Candlesticks in our WEEKLY History Database"

3. Beside the "Candlestick Pattern" field double-click on "Bullish" to add it to the selected list.

4. Scroll down and beside the "Primary Sort" field select "Descending By" "Date pattern found".

5. Under the "Include in results" area check the fields you wish to display on the results page.

6. Click the "Search" button to display the results.


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(20) I'd like to subscribe to quarterly or annual membership at the reduced rate. My account is already charged with $18.00/30 days. Can you change it to quarterly or annual auto-renew for me?

Yes. Visit https://www.hotcandlestick.com/paymentoptions.htm and select a payment option. Once you complete the transaction you will receive a pro-rated refund for the remaining days of your current 30-day term and your 30-day subscription will get canceled. You should receive a confirmation for the pro-rated refund and $18.00 / month subscription cancellation within 1 business day of receipt of the upgrade payment. You may also upgrade from the quarterly subscription using this method.


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(21) Why is it sometimes I find bearish patterns listed on the first page after I login (Page titled "Top LONG (BUY THEN SELL) candles found today based on historical data")? I do not understand why a bearish pattern would indicate a bullish condition.

This is because the actual historical results can differ from what the text book definition of what the candle pattern indicates. At HotCandlestick.com we do not bias the results to show only bullish candle patterns over bearish patterns that have a historical record of better returns. Instead we prefer to let the data speak for itself. The top long & short lists give a picture of historical results that do not necessarily represent expected future returns.

Winners are identified when over a 10-day period a "Top Long" security advanced more than 1% from the close made on the day the candle pattern was identified. Or, when over a 10-day period a "Top Short" security declined more than 1% from the close made on the day the candle pattern was identified. Winners or losers can be identified based on an intraday move so this is why the charts may not always show a clear winner or loser.

Losers are identified when over a 10-day period a "Top Long" security did not advance more than 1% from the close made on the day the candle pattern was identified. Or, when over a 10-day period a "Top Short" security did not decline more than 1% from the close made on the day the candle pattern was identified.

1% was selected as a somewhat arbitrary number to cover commissions charged by online brokers and still make a small profit. This trading style may not suit some traders. It is certainly not a recommendation for you to trade this way. See risk disclaimers for more information regarding the risks in trading securities.


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(22) How frequently are the forex chart patterns updated throughout the day?

Forex intraday candlestick patterns are currently not tracked.


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(23) I'm a subscriber and see % gains for each of the following 5 days after a candle pattern. How are these % gains calculated?

From the HotCandlestick "Search Databases" page subscribers can view actual results of the subsequent 1 to 5 day performance for each day a candlestick pattern appeared. These are not optimized performance numbers based on maximizing performance by using intraday prices. Instead, the percentage gains are based on the close for each of 5 days following a candlestick pattern using the opening price the day after the candlestick pattern as the reference value.

Commission charged by your broker is not considered in the daily percentage gain calculation. The calculated gains are based on buying (going long) at the open of the day after the candlestick signal, then selling your position at the close of the same day, 1, 2, 3, or 4 days later. IMPORTANT:   The results displayed when searching the weekly database are based on weeks instead of days.

For example (using the daily candlestick database),

A Bullish Upside Tasuki Gap candlestick pattern is signaled for stock WXYZ on Friday, July 6th. On Monday, July 9th I initiate a long position at the open of trade.

If I sell at the end of the day on July 9th, this represents my 1st Day % Gain.

If I sell at the end of the day on July 10th, this represents my 2nd Day % Gain.

If I sell at the end of the day on July 11th, this represents my 3rd Day % Gain.

If I sell at the end of the day on July 12th, this represents my 4th Day % Gain.

If I sell at the end of the day on July 13th, this represents my 5th Day % Gain.


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(24) Which currency pairs are tracked?

Australian Dollar US Dollar - AUDUSD
Canadian Dollar US Dollar - CADUSD
Swiss Franc Euro - CHFEUR
Swiss Franc British Pound - CHFGBP
Swiss Franc Japan Yen - CHFJPY
Swiss Franc US Dollar - CHFUSD
Euro Swiss Franc - EURCHF
Euro British Pound - EURGBP
Euro Japan Yen - EURJPY
Euro US Dollar - EURUSD
British Pound Swiss Franc - GBPCHF
British Pound Euro - GBPEUR
British Pound Japan Yen - GBPJPY
British Pound US Dollar - GBPUSD
Japan Yen Swiss Franc - JPYCHF
Japan Yen Euro - JPYEUR
Japan Yen British Pound - JPYGBP
Japan Yen US Dollar - JPYUSD
US Dollar Australian Dollar - USDAUD
US Dollar Canadian Dollar - USDCAD
US Dollar Swiss Franc - USDCHF
US Dollar Euro - USDEUR
US Dollar British Pound - USDGBP
US Dollar Japan Yen - USDJPY



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(25) Are stock price and volume data adjusted for splits and dividends?

Yes. Where applicable, the effects of stock price splits and dividend payments are reflected on all charts (daily, weekly, monthly and quarterly). This helps to filter out false positives in technical indicators caused by mechanical market events that trigger price gaps.


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