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Candle - Dark Cloud Cover
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1494 |
| Added: March 15, 2007 |
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| Tags:
MetaStock, indicator
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In candlestick charting, a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend.
Code:
Candle - Dark Cloud Cover
If(Ref(C-OPEN,-1)>(Mov(Abs(OPEN-C),10,S)), {long white}
If(C<Ref(C,-1),If(C>Ref(OPEN,-1), {close within previous body}
If(Ref(Abs((OPEN+C)/2),-1)>Ref(Mov(C,10,E),-1), {uptrend}
If(OPEN>Ref(H,-1), {open at new high}
-1,0),0),0),0),0)
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