This candlestick formation consists of two candles.
The first is long and black the second is a short white real body.
The close of the white candlestick is above the low of the black one.
This pattern appears in downtrends.
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The white candlestick represents a brief pause where the bulls have stopped
the downward trend but once the white candlestick low is broken the downtrend should resume.
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_InNeckLine(10,1)_I3
This study detects an InNeckLine 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
