Morning & Evening Star Pattern Indicator TradingView - [TFlab]

The Morning and Evening Star indicators represent classic candlestick reversal patterns used in technical analysis. These formations signal potential turning points in market trends and are widely applied in stock and Forex trading strategies.
This TradingView chart pattern indicator identifies both Morning and Evening Star formations by placing arrow-shaped markers directly on the chart, helping traders visually detect key market reversals with ease.

You can access the Indicator from this link:

https://tradingfinder.com/products/i...-evening-star/

You can access the Indicator on the TradingView website:

https://www.tradingview.com/script/v...es-Gap-Candle/

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Morning & Evening Star Reversal Patterns Explained
The Morning and Evening Star patterns are typically found at the end of existing trends, serving as signals for potential price reversals.

1. Morning Star: A bullish reversal pattern occurring at the end of a downtrend.
2. Evening Star: A bearish reversal pattern emerging at the top of an uptrend.

Indicator Overview and Market Application
Although originally designed for stock index analysis, this indicator includes a built-in Forex mode, enabling seamless use in currency pair trading on the TradingView platform.

Key Features:

1. Arrow markers highlight Morning & Evening Star formations
2. Compatible with both stock and Forex markets
3. Suitable for multi-timeframe analysis
4. Designed for intraday trading strategies
5. User-friendly for traders at an elementary skill level

Formation of Morning & Evening Star Patterns

Morning Star (Bullish Reversal Pattern):

1. Appears after a downtrend
2. Consists of:
   1. One large bearish candle
   2. One small-bodied candle
   3. One large bullish candle

   
   

3. Indicates a potential trend shift to the upside

Example:
On the 4-hour chart of Netflix (NFLX), a Morning Star pattern appears at the end of a downtrend, signaling a bullish reversal. The indicator marks this pattern with an upward-pointing arrow, alerting traders to a potential buying opportunity.
Evening Star (Bearish Reversal Pattern):

1. Appears after an uptrend
2. Consists of:
   1. One large bullish candle
   2. One small-bodied candle
   3. One large bearish candle

   
   

3. Suggests a trend reversal to the downside

Example:
On the 4-hour chart of Tesla (TSLA), the Evening Star pattern appears at the peak of an uptrend. Following this signal, the market reverses into a bearish trend, which the indicator marks with a downward arrow.

Indicator Settings and Customization
The Morning & Evening Star Indicator includes a settings panel for flexible configuration within TradingView:

1. Pattern Filter: Adjust sensitivity for Morning/Evening Star detection
2. Market Type: Choose between "Stock" or "Forex" environments
3. Visual Markers: Customize arrow size and appearance for clearer identification

Conclusion
The Morning & Evening Star Indicator is a valuable tool for recognizing reversal candlestick patterns in TradingView. With visual markers for pattern confirmation and compatibility across markets, it enhances decision-making for traders seeking early trend reversal signals.