C_PierceLine_DkCloud (Function)

Disclaimer

The C_PierceLine_DkCloud function identifies occurrences of two Japanese candlestick patterns; Piercing Line and Dark Cloud.

Piercing Line is defined as:

• A big green candle which opens below the low of the previous red candle and closes above half the previous bars real body

• The price trend is declining

Dark Cloud is defined as:

• A big red candle which opens above the high of the previous green candle and closes below half the previous bars real body

• The price trend is advancing

Syntax

C_PierceLine_DkCloud(Length, oPiercingLine, oDarkCloud)

Returns (Integer)

Each pattern is represented by an output parameter (oPiercingLine or oDarkCloud) that returns a positive one (1) when the matching candlestick pattern is found on the current bar or returns a zero (0) if the pattern is not found.  The C_PierceLine_DkCloud function itself returns a value of 1.  

Parameters

Name	Type	Description
Length	Numeric	Length used to calculate the average body.
oPiercingLine	Numeric	Output variable returns a 1 if the Piercing Line candlestick pattern exists on the current bar, or 0 if the pattern does not exist.
oDarkCloud	Numeric	Output variable returns a 1 if the Dark Cloud candlestick pattern exists on the current bar, or 0 if the pattern does not exist.

Example

Plots a ShowMe on the Low of the current bar when a Dark Cloud candlestick pattern is found on the current bar based on a Length of 14:

Value1 = C_PierceLine_DkCloud(14, oPiercingLine, oDarkCloud)

if oDarkCloud = 1 then

 Plot1(Low, "DarkCloud");