DownsideGapThreeMethods

Description

Downside Gap Three Methods is a bearish trend continuation candlestick pattern consisting of three candles.

The Downside Gap Three Methods candlestick pattern is recognized if:

  • The first and the second candles are long and bearish and continue the downtrend;

  • The second candle gaps down from the first one;

  • The third candle is bullish and its body covers the gap between the two previous candles.

Input Parameters

Parameter Description
length The number of bars 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 bars to check if the trend exists.

Plots

Plot Description
Bearish The Downside Gap Three Methods candlestick pattern.