Candlestick shape · 1 bar · ▲ bullish · on the chart DD
Definition
The textbook label for this shape is ▲ bullish. The label describes the shape; it is not an instruction.
QuantZ does not claim this shape has predictive value. The detector reports that the bars met a definition; it says nothing about what follows.
The rule the detector applies
doji; upper shadow ≤ shortShadowRatio × range; lower shadow ≥ longShadowRangeRatio × range; bullish only after a decline, else neutral
Thresholds are named by the option key the code reads, and the list below is every option this shape’s detector reads, taken from the detector’s source. The values are the ones it ships with, read at render from its defaults. Each ratio compares parts of the bars (a body, a shadow, a range) with one another, or with the average body or range of the bodyAvgPeriod bars before them; bodyAvgPeriod, trendLookback and hikkakeConfirmBars are counts of bars. So the same numbers apply to a low-priced stock and to a high-priced coin.
- dojiBodyRatio = 0.1
- shortShadowRatio = 0.1
- trendLookback = 5
- longShadowRangeRatio = 0.6
Prior trend
labels-direction · The shape is reported either way; the bars before it decide only which label it carries.
Counted once with
Several names can describe one bar. This one belongs to the doji-bar family with Takuri, Rickshaw man, Long-legged doji, Gravestone doji, Doji; anything that tallies patterns counts the family once per bar, so one candle never reads as several detections agreeing.