ehsanha

Dark Cloud Cover Pattern Trading Setup

this study is another script based on the candlestick pattern. there are a few filters implemented to be applied to the output result to clear out noises. it sounds like finding real Dark Cloud Cover instances are too rare (interesting though!).

Dark Cloud Cover
it is a bearish reversal candlestick pattern where a down candle (typically bearish ) opens above the close of the prior up candle (typically bullish ) and then closes below the midpoint of the up candle. The five criteria for the Dark Cloud Cover pattern are:
  • An existing bullish uptrend.
  • An up ( bullish ) candle within that uptrend.
  • A gap up on the following day.
  • The gap up turns into a down ( bearish ) candle.
  • The bearish candle closes below the midpoint of the previous bullish candle.
all these criteria are implemented in code to produce a more accurate result.

please provide me with your valuable comments,
thanks for your attention,
版本注释:
a nice reversal point has been spotted by the Dark Cloud Cover trading system
版本注释: some minor code formatting corrections as well as making the code compliant with trading-view rules
版本注释: some minor code formatting corrections
开源脚本

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

想在图表上使用此脚本?
© Ehsan Haghpanah (crumus.com)