C_MornStar_EveStar (ShowMe)
Disclaimer
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| Morning Star | Evening Star |
C_MornStar_EveStar displays a ShowMe for two Japanese candlestick patterns; Morning Star and Evening Star.
Morning Star is defined a:
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A three candlestick pattern, the first is a long red candle, followed by a small body candle that gaps lower to form the star, the third is a green candle that closes well into the first candles real body
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The first candle body needs to be larger than the average body
Evening Star is defined as:
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A three candlestick pattern, the first is a long green candle, followed by a small body candle that gaps higher to form the star, the third is a red candle that closes well into the first candles real body.
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The first candle body needs to be larger than the average body
Input Information
| Name | Default | Description |
| Length | 14 | Length used to calculate the average body |
Description
Morning Star may be considered a bullish reversal pattern. If the second day is a doji, it is considered a Morning Doji.
Evening Star may be considered a bearish reversal pattern. If the second day is a doji, it is considered an Evening Doji.
Plots
Morning Star plots on the High when true for the current bar.
Evening Star plots on the Low when true for the current bar.