TT60
▼ Bearish
Streaming Alert (Scanner)
60 Minute Topping Tail Alert (TT60)
Find stocks printing a topping tail candle on the 60-minute chart in real time with Trade Ideas Streaming Alerts (Scanner). A topping tail is a small-bodied candle with a long upper tail after 3 green candles. This alert checks 60 minute candles.
Candle patterns as they form.
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Streaming Alerts push each 60 Minute Topping Tail alert the moment the 60 minute candle closes.
How Trade Ideas finds it: by default, the 60 minute topping tail alert appears when there is a topping tail pattern on a 60 minute candlestick chart. See Trade Ideas plans and pricing to run it live.
How the 60 Minute Topping Tail alert works
This alert signals the appearance of a topping tail pattern on a traditional 60-minute candlestick chart. Components of a topping tail pattern include:
- a red candle with 3 preceding green or bullish candles
- The last candle has a small real body (the space between the opening and closing prices), which is often red, indicating a bearish candle
- The upper shadow (or tail) of the last candle is typically longer than the lower shadow. The tail typically extends well above the real body
This often suggests that after an uptrend, sellers have stepped in to resist further price increases, indicating a shift from bullish to bearish sentiment.
Default settings
By default, the 60 minute topping tail alert appears when there is a topping tail pattern on a 60 minute candlestick chart.
Custom settings
Settings
For '60 Minute Topping Tail' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more alerts, or you can fill it in to restrict the number of alerts you receive. This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.
When setting an alert for '60 Minute Topping Tail', the user can filter these alerts by a grade of how on how closely the stock chart matches the ideal shape of the stock pattern. 0 would mean there was no match. 100 would mean it's an ideal match.
What the alert shows you
The description of the alert will give a more comprehensive breakdown of the alert.
Key point
The quality value on a scan using the "60 Minute Topping Tail" represents the grade based on how closely the stock chart matches the ideal shape of the stock pattern. 0% would mean that there was no match at all. Of course, if a stock pattern is this poor a match, then we are unlikely to report an alert. 100% would be an ideal match. Again, this would be an ideal and extreme case. Few if any alerts come close to 100%.
Related alerts
Filters to pair with the 60 Minute Topping Tail alert
Categories
FAQ
Which stocks are forming a topping tail candle on the 60 minute chart right now?
Turn on the 60 Minute Topping Tail alert (TT60) in Trade Ideas Streaming Alerts. By default, the 60 minute topping tail alert appears when there is a topping tail pattern on a 60 minute candlestick chart.
What is the 60 Minute Topping Tail alert?
A topping tail is a small-bodied candle with a long upper tail after 3 green candles. This alert checks 60 minute candles.
How do I see fewer, higher-quality 60 Minute Topping Tail alerts?
Use the optional alert-specific filter immediately to the right of the alert. A higher number tells the alerts server to show only higher-quality alerts, so fewer appear. Leave it blank to see more.