Charting and Studies User Guide - CQG.com

Morning Star
Page 233
The Morning Star formation is a 3-bar bottom reversal pattern and therefore a bullish
formation. Its symbol (MS) will always appear at the bottom of the formation. It represents the
opposite of the Evening Star formation. The following criteria establish a Morning Star
formation:
• The first real body of the formation is a strong (its real body’s length is larger than the
average in the given range) "down."
• The second candlestick has a small real body (at least twice as short as the first candle’s
real body) which gaps lower from the first real body (may either be an "up" or "down"
real body).
• The third candlestick MUST be an "up" real body whose closing price has penetrated at
least 1/2 way up into the first candlestick's "down" real body.
An ideal Morning Star formation would have a gap before and after the second real body;
however, a gap between the second and third bodies is rare (and not accounted for by the
program).
This formation requires a value for the Range parameter.
Morning Doji Star
The Morning Doji Star formation is a 3-bar bottom reversal pattern and therefore a bullish
formation. Its symbol (MDS) will always appear at the bottom of the formation. It represents
the opposite of the Evening Doji Star formation. The following criteria establish a Morning Doji
Star formation:
• The first real body of the formation is a strong (its real body length is larger than the
average in the given range) "down."
• The second candlestick is a Doji (that is, open price is equal to close price) which gaps
lower from the first real body.
• The third candlestick MUST be an "up" real body whose closing price has penetrated at
least 1/2 way up into the first candlestick's "down" real body.
This formation requires a value for the Range parameter.
Charting and Studies User Guide