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Tasuki Upside Gap

 

This formation consists of three candlesticks. The first is a long white body, the second is a small white body and the third is a small black body. The middle small white body gaps up from the long white one. The small black body opens in the body of the small white one but then closes below the small black body. In an advancing market this is a bullish continuation pattern.

Parameters:

BarsBack BarsBack must be greater than MinBars.
The candlestick formation will be scanned this many bars back in the timeframe
MinBars 2(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_TasukiUpsideGap(10,2)_I3

This study detects an TasukiUpsideGap 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

 

 
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