The Morning Star is a three-candle bullish reversal pattern. It can show up at the end of a downtrend.
Morning Star vs Morning Star Doji
Both have three candles. Only the middle candle differs.
| Morning Star | Morning Star Doji | |
|---|---|---|
| Candle 1 | Strong red candle | Strong red candle |
| Candle 2 | Small candle, red or green | Doji (open and close almost the same) |
| Candle 3 | Strong green candle | Strong green candle |
The Doji version shows full indecision in the middle candle, so it is usually treated as the stronger of the two.
What the candles tell you
- Candle 1: sellers are in control.
- Candle 2: selling slows or stops. Neither side wins.
- Candle 3: buyers take over. Short sellers cover, which can push price higher.
Rules traders commonly follow
- Wait for Candle 3 to close. The pattern is only complete then.
- Location matters. It means more at a support level (a moving average, previous low, VWAP).
- Use a stop loss, commonly below the low of Candle 2.
Using it in Tradetron
Both patterns have built-in keywords under the Position function in the strategy builder:
- MORNINGSTAR for the Morning Star
- MORNINGDOJISTAR for the Morning Star Doji
MORNINGSTAR ( Symbol ( Instrument Name ( NFO, NIFTY 50,,,, ) , 5m, All ) ) , -1
MORNINGDOJISTAR ( Symbol ( Instrument Name ( NFO, NIFTY 50,,,, ) , 5m, All ) ) , -1
The -1 offset checks the last completed candles, never the one still forming.
Output: greater than 0 means the pattern is confirmed. For a buy condition, check that the output equals 1.
Common mistakes
- Entering before Candle 3 closes
- Ignoring where the pattern formed
- Trading without a stop loss
Test any pattern-based idea in Live Offline before going live. No pattern works every time.
For education only. This is not investment advice.
Edited with AI from the original Tradetron article, checked against current docs (Oct 2026). Spot something wrong? Tell us in the Community.