Difference between revisions of "C PierceLine DkCloud"
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The C_PierceLine_DkCloud indicator identifies the occurrence of two candlestick patterns: Piercing Line and Dark Cloud, and marks the bars with these patterns. <br> | The C_PierceLine_DkCloud indicator identifies the occurrence of two candlestick patterns: Piercing Line and Dark Cloud, and marks the bars with these patterns. <br> | ||
<br> | <br> | ||
| − | + | The Piercing Line is a two-candle bullish reversal pattern occurring in downtrends. The Piercing Line pattern is composed of two candles: <br> | |
| − | The Piercing Line is a two-candle bullish reversal pattern occurring in downtrends. | ||
| − | The Piercing Line pattern is composed of two candles: <br> | ||
1. a red candle;<br> | 1. a red candle;<br> | ||
2. a long green candle that opens below the Low of the previous red candle and closes above half of the red candle's real body;<br> | 2. a long green candle that opens below the Low of the previous red candle and closes above half of the red candle's real body;<br> | ||
| − | + | <br> | |
The Dark Cloud is a bearish reversal candlestick pattern occuring in uptrends that is also composed of two candles:<br> | The Dark Cloud is a bearish reversal candlestick pattern occuring in uptrends that is also composed of two candles:<br> | ||
1. a green candle;<br> | 1. a green candle;<br> | ||
Latest revision as of 14:08, 7 October 2021
Definition
The C_PierceLine_DkCloud indicator identifies the occurrence of two candlestick patterns: Piercing Line and Dark Cloud, and marks the bars with these patterns.
The Piercing Line is a two-candle bullish reversal pattern occurring in downtrends. The Piercing Line pattern is composed of two candles:
1. a red candle;
2. a long green candle that opens below the Low of the previous red candle and closes above half of the red candle's real body;
The Dark Cloud is a bearish reversal candlestick pattern occuring in uptrends that is also composed of two candles:
1. a green candle;
2. a long red candle that opens above the High of the previous green candle and closes below half of the green candle's real body;
Default Inputs
Length sets the number of bars used to calculate the average body, 14 by default.
