Candlestick shape · 3 bars · ▲ bullish · on the chart 3SS
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: a long down bar with a lower shadow ≥ legShadowRatio × range; a smaller down bar opening inside its body with a higher low; a down marubozu inside that bar’s range
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.
- bodyAvgPeriod = 14
- marubozuBodyRatio = 0.95
- longBodyRatio = 1
- trendLookback = 5
- legShadowRatio = 0.25
Prior trend
required · A prior move is required: the rule reads the bars before the shape, and the shape is not reported without it.