Piercing Pattern to detect bullish reversals

Piercing Pattern to detect bullish reversals

This screener finds the Piercing Pattern, which is a good indicator that a potential reversal could occur. It confirms that the current candle is bullish, then it checks the previous one for the conditions of Piercing Pattern (the bullish candle closes above 50% of the preceding bearish candle, but the bullish candle opens lower than the bearish closes).

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  1. jimkn0pf • 07/09/2020 #

    Christopher, wie saehe denn die Formel ohne Kontrollkerze (3. Kerze) aus?

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