AbandonedBaby

 

Description

Abandoned Baby is a trend reversal candlestick pattern consisting of three candles. Depending on their heights and collocation, a bullish or a bearish trend reversal can be predicted.

The bearish trend reversal Abandoned Baby is recognized if:

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

  • The second candle is Doji gapping up from the first candle;

  • The third candle is bearish and gaps down from the second candle.

The bullish trend reversal Abandoned Baby is recognized if:

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

  • The second candle is Doji gapping down from the first candle;

  • The third candle is bullish and gaps up from the second 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 Abandoned Baby candlestick pattern.
Bullish The bullish Abandoned Baby 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.