Description
Concealing Baby Swallow is a bullish trend reversal candlestick pattern consisting of four candles.
The Concealing Baby Swallow candlestick pattern is recognized if:
-
The first two candles are bearish, continue the downtrend and miss both upper and lower shadows (Marubozu);
-
The third candle is bearish, has long upper shadow and opens with a gap down from the second candle;
-
The High price of the third candle is greater than the second candle's Close price;
-
The fourth candle is bearish, misses shadows and completely engulfs the third candle.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of candles used to calculate the average body height. |
trend setup
|
The number of preceding candles to check if the trend exists. |
shadow factor
|
The factor used when checking if a shadow is long. A shadow is considered long if its length exceeds the average body height multiplied by this factor. |
Plots
| Plot | Description |
|---|---|
Bullish
|
The Concealing Baby Swallow candlestick pattern. |