Candlestick shape · 2 bars · ▼ bearish
Definition
The textbook label for this shape is ▼ bearish. 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 an up bar opening below its low and closing well inside the body but under its midpoint
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
Prior trend
required · A prior move is required: the rule reads the bars before the shape, and the shape is not reported without it.