This formation consists of two candlesticks.
The first is a long white body, the second is a short black body.
The black candlestick's range is within the range of the white candlestick.
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This indicates the current trend is coming to an end a period of stand off between bulls and bears is taking place
Parameters:
BarsBack BarsBack must be greater than MinBars.
The candlestick formation will be scanned this many bars back in the timeframe
MinBars 1(Fixed).
The value of MinBars will be one less than the
number of bars in the candlestick formation.
Arguments:
None
Output Indicators:
Detected
If the candlestick formation is detected within the last
BarsBack bars, then Detected returns a 1.
Otherwise Detected has a value of 0.
Example:
Study Name Expanded in a 3 minute timeframe:
I3_HaramiWhite(10,1)_I3
This study detects an HaramiWhite in the last 10 bars of the 3 minute time frame.
It returns a 1 if the formation is detected , 0 otherwise.
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::Detected
