Stock Screener: Hanging Man Candlestick Pattern

Example Number 6: Hanging Man

Category: Chart Patterns

We saw an example of Technical Indicators, now let’s look at one with the Chart patterns. In our example, we will study the screen, Hanging Man. 

If you’ve not explored the Super Screener yet, 

Then the technical analyst in you might be grinning from ear to ear now, seeing that there’s a way to create the chart patterns with sharpely’s super screener. 

How to Build This Screen

Let’s see how you can build it. First, click on ‘Add Rule’

Then a screen will pop up and from the four main sections click on ‘Chart Patterns’ like this:

And here you can see the whole list of chart patterns available currently in sharpely’s super screener. Selecting Hanging Man. A screen will pop up:

Select Bearish Pattern and keep offset to 0 to see chart patterns forming in Live markets!

Let’s see what the other condition was:

As we can see, the Market Cap is set to greater than 100 to keep solid businesses only. You can change this to 1000, or more according to your preference.

Backtest Results

Wondering how this screen faired against the benchmark? You’re not alone. Let’s hit backtest and see the results.

With a healthy winning trades v/s losing trades percentage, this screen performs well against the benchmark. Ready to build such screeners, too? Get crackin' and remember to tag us in your socials when you’re sharing your wins with the world!

For the ones who’re still keen on seeing more examples, read on.