Description
Abandoned Baby is a trend reversal candlestick pattern consisting of three candles. Depending on their heights and collocation, a bullish or a bearish trend reversal can be predicted.
The bearish trend reversal Abandoned Baby is recognized if:
-
The first candle is long and bullish and continues the uptrend;
-
The second candle is Doji gapping up from the first candle;
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The third candle is bearish and gaps down from the second candle.
The bullish trend reversal Abandoned Baby is recognized if:
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The first candle is long and bearish and continues the downtrend;
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The second candle is Doji gapping down from the first candle;
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The third candle is bullish and gaps up from the second candle.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long. |
trend setup
|
The number of preceding candles to check if the trend exists. |
Plots
| Plot | Description |
|---|---|
Bearish
|
The bearish Abandoned Baby candlestick pattern. |
Bullish
|
The bullish Abandoned Baby candlestick pattern. |