There are many Candlesticks patterns, but some are more important than others. We have
tried categorization the same using the priority filter.
Various types of CandleSticks patterns can also be filtered out, for e.g. Bullish Reversal, Bearish Continuation etc.
ADX (Average Directional Index): Important technical indicator that shows the strength of a trend. It is on a scale of 0 to 100. Index values above 40 indicate that the particular trend is strong, while values less than 20 indicates that a trend is weak. Please Note: It only shows the strength of the trend, NOT the Direction of the trend (Up or Down).
The other two indicators, Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), complement ADX by defining trend direction
RSI (Relative Strength Index):Important technical indicator which measures the magnitude of gains over a given time period against the magnitude of losses over that period. It is on a scale of 1 to 100. Some technical analysts believe that a value of 30 or below indicates an oversold condition and that a value of 70 or above indicates an overbought condition. It is NOT that relevant for trending stocks.