Harami

 

Description

Harami is a trend reversal candlestick pattern consisting of two candles. Depending on their heights and collocation, a bullish or a bearish trend reversal can be predicted.

The bearish Harami reversal is recognized if:

  • The first candle is long and bullish and continues the uptrend;

  • The second candle is short and its body is completely engulfed by the first candle's body.

The bullish Harami reversal is recognized if:

  • The first candle is long and bearish and continues the downtrend;

  • The second candle is short and its body is completely engulfed by the first candle's body.

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.
body factor The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.

Plots

Plot Description
Bearish The bearish Harami candlestick pattern.
Bullish The bullish Harami candlestick pattern.


For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.