Rising Window is a two-candle bullish continuation pattern that forms during an uptrend. Both candles in the pattern can be of any type with the exception of the Four-Price Doji. The most important characteristic of the pattern is a price gap between the first candle's high and the second candle's low. That gap (window) between two bars signifies support against the selling pressure.
The bearish version of the Rising Window pattern is the Falling Window candlestick pattern.
Traditionally, this candlestick pattern is recognized in conjunction with a specific trend direction, i.e. it might be important for the pattern if the price has been generally going up or down. The ‘Detect Trend Based On’ option allows you to specify which of the following methods to use to detect the trend:
By comparing two different SMAs, the 'SMA50, SMA200' option only detects stronger trends. When the trend is weak and the condition above is not met, no patterns will be detected. In contrast, the 'SMA50' option will also detect weaker trends.