OPEN-SOURCE SCRIPT
تم تحديثه

Dark Cloud Cover Pattern Trading Setup

7 822
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,
ملاحظات الأخبار
لقطة

a nice reversal point has been spotted by the Dark Cloud Cover trading system
ملاحظات الأخبار
some minor code formatting corrections as well as making the code compliant with trading-view rules
ملاحظات الأخبار
some minor code formatting corrections

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.