My research indicates that the most effective chart types for traders are Heikin-Ashi, Candlestick, OHLC, Raindrop, and Renko charts. These charts provide the optimal balance of price and trend reversal information to help investors develop effective trading strategies.| Liberated Stock Trader
Data-driven research, education, and insights for independent investors. We test charts, patterns, indicators, and develop unique growth, dividend, and value investing strategies.| Liberated Stock Trader
According to 2,219 tested trades, a Hammer is extremely unreliable and unprofitable. It has a low % accuracy rate of 52.1%, resulting in a razor-thin 0.18% profit per trade.| Liberated Stock Trader
Based on our 568 years of backtested data, the Shooting Star candle is profitable. It has a 57.1% upside success rate and an average winning trade of 3.6%. Each trade made using a shooting star nets an average of 0.56% profit.| Liberated Stock Trader
My rigorous testing shows the most reliable candle patterns are the Inverted Hammer (60% success rate), Bearish Marubozu (56.1%), Gravestone Doji (57%), and Bearish Engulfing (57%). The inverted hammer is the most profitable candle pattern, with a 1.12% profit per trade.| Liberated Stock Trader
