MeetingLines

 

Description

Meeting Lines is a trend reversal candlestick pattern consisting of two candles. Depending on their heights and collocation, a bullish or a bearish trend reversal can be predicted.

The bearish Meeting Lines reversal is recognized if:

  • The first candle is long and bullish and continues the uptrend;

  • The second candle is long and bearish and its Close price is equal to that of the first candle.

The bullish Meeting Lines reversal is recognized if:

  • The first candle is long and bearish and continues the downtrend;

  • The second candle is long and bullish and its Close price is equal to that of the first candle.

Input Parameters

Parameter Description
length The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.
trend setup The number of preceding candles to check if the trend exists.

Plots

Plot Description
Bearish The bearish Meeting Lines candlestick pattern.
Bullish The bullish Meeting Lines candlestick pattern.


For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.