Mat Hold is a bullish trend continuation candlestick pattern consisting of five candles.

The Mat Hold candlestick pattern is recognized if:

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

  • The second candle is bearish and gaps up from the first candle;

  • The next two candles are short and form a short-term downtrend, closing within the first candle's body;

  • The fifth candle is bullish again and closes above the second candle's Open price.

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.


Plot Description
Bullish The Mat Hold candlestick pattern.