Long Upper Shadow Candlestick Alerts
Scan for long upper candle wicks in ChartsWatcher. Configure the upper-tail-to-body proportion and review the pattern on supported intraday timeframes.
Understand the trigger
What is Upper shadow?
An upper shadow is the part of a candle above its body, showing prices reached above the open-to-close area. ChartsWatcher alerts when that upper tail is long relative to the body, using a proportion you can specify. The available candle intervals are one, two, five, and fifteen minutes. This is a candle-shape event calculated across regular and extended sessions, rather than a requirement that the candle close red.
An illustrative example
Upper shadow in practice
Suppose a hypothetical candle reaches $46.90 while its body remains near $46.10. The section above the body illustrates the upper shadow under review. Whether that candle meets your alert depends on its tail-to-body proportion, not solely on how high the stock traded or whether the candle finished down.
Make it part of your workflow
Catch the event. Keep the context.
Use ChartsWatcher to find pronounced upper wicks without opening every stock chart. Review each result relative to a recent chart high, the daily range, and neighboring candles. The configurable proportion makes the scan’s shape requirement explicit, while chart context helps distinguish an isolated spike from a repeated response near the same price area.
ChartsWatcher brings your chosen alert types and filters into the same alert window. Add the data columns you want to see, then use the connected chart and news tools to explore a matching symbol.
Explore the alert windowBefore you build
A little more detail.
How do I add Upper shadow in ChartsWatcher?
Open or create an alert window and choose Upper shadow in its configuration. Select the available options that match your setup, then add filters to define which stocks can trigger it. Review matching alerts alongside a chart and the stock’s news.
What should I check before using this alert?
An upper wick alone does not prove a lasting rejection or forecast a decline. A tiny body can produce a large tail-to-body ratio even with a modest overall range.
From an idea to your own scan.
Use Upper shadow with the other conditions that define your setup. Keep matching stocks, charts, and news together, with a configuration you can refine as you go.