Analysis Techniques & Strategies

 C_BullHar_BearHar (ShowMe)

Disclaimer

Bullish Harami	Bearish Harami

C_BullHar_BearHar displays a ShowMe for two Japanese candlestick patterns; Bullish Harami and Bearish Harami .

Bullish Harami is defined as:

• The body of a green candle is smaller and inside the body of a red candle on the previous bar

• The price trend is declining

• The body of the previous red candle is greater than the average body

Bearish Harami is defined as:

• The body of a red candle is smaller and inside  the body of a green candle on the previous bar

• The price trend is advancing

• The body of the previous green candle is greater than the average body

Input Information

Description

Bullish Harami & Bearish Harami may not be significant reversals. However, it may signifies a possible slow down or stagnation that may at any times lead to reversal.

Also, if the second candle is a Doji, it is called Harami Cross. This pattern may be considered very important and can sometimes signal major reversal.

Plots

Bullish Harami plots on the High when true for the current bar.

Bearish Harami plots on the Low when true for the current bar.