Candlestick shape · 2 bars · ▲ bullish
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
after a decline: long down bar, then a down bar closing at the same price within equalPriceTolerance × trailing average range
Thresholds are named by the option key the code reads. The values below are the ones the detector ships with, read at render from its defaults; every ratio is measured against the bar’s own range or the trailing average body, so the same numbers apply to a low-priced stock and to a high-priced coin.
- bodyAvgPeriod = 14
- longBodyRatio = 1
- trendLookback = 5
- equalPriceTolerance = 0.05
Prior trend
required · A prior move is required: the rule reads the bars before the shape, and the shape is not reported without it.