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;