Dark Cloud Cover Pattern Trading Setup

this study is another script based on the candlestick pattern. there are a few filters implemented to be applied to the output result to clear out noises. it sounds like finding real Dark Cloud Cover instances are too rare (interesting though!).

Dark Cloud Cover
it is a bearish reversal candlestick pattern where a down candle (typically bearish) opens above the close of the prior up candle (typically bullish) and then closes below the midpoint of the up candle. The five criteria for the Dark Cloud Cover pattern are:

An existing bullish uptrend.
An up (bullish) candle within that uptrend.
A gap up on the following day.
The gap up turns into a down (bearish) candle.
The bearish candle closes below the midpoint of the previous bullish candle.

all these criteria are implemented in code to produce a more accurate result.

please provide me with your valuable comments,
thanks for your attention,

Note di rilascio

a nice reversal point has been spotted by the Dark Cloud Cover trading system

Note di rilascio

some minor code formatting corrections as well as making the code compliant with trading-view rules

Note di rilascio

some minor code formatting corrections

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

ehsanha

Anche su:

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

ehsanha

Anche su: