PL

Piercing Line
Description
A bullish candlestick reversal pattern which is the opposite of the Dark Cloud Cover (DCC) pattern. Pattern: A Piercing Line is formed by two candlesticks where: 1) The first is a relatively long black candlestick. 2) The second is a white candlestick that opens below the previous period's close and closes above the mid-point of the black candlestick's body.
Category
Simplified Candle Scans
Parameters

None

Chart Script

LC :=Ref(C,1);
LO :=Ref(O,1);
(LO-LC)/LO>0.05 & O<LC & C>(LC+LO)/2;