Shooting Star — what it is and how to use it in trading
Definition
A Shooting Star is a candle with a small body near the bottom of the range and a long upper wick — the mirror image of a Hammer. Appearing at the top of an uptrend signals that buyers pushed price up but sellers took control by the close.
How it works in the builder
shooting_star is a boolean operand with no parameters, the mirror-image shape check of a Hammer: a long upper wick and a small body near the bottom of the range.
What it looks like on the chart
Resembles a falling star or an inverted letter T — a short body at the bottom, a long "tail" up top.
Typical use
A reversal signal at the top of a trend. Typical condition: shooting_star == 1 after a run of rising candles, often confirmed by an oscillator (e.g. rsi(14) > 70).
Common pitfalls
Like a Hammer, it is recognized purely by candle shape with no trend awareness — an explicit extra filter (trend, oscillator, resistance level) is needed, otherwise the signal fires outside any real reversal context.
This block is available in the strategy builder
137 no-code blocks — build an entry condition with this term and test it on history
Historical results do not guarantee future ones. The service is an informational and analytical tool, not an individual investment recommendation; trades are not executed.