Piercing Line is a bullish trend reversal candlestick pattern consisting of two candles.

The Piercing Line candlestick pattern is recognized if:

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

  • The second candle is bullish;

  • The Open price of the second candle is less than the first candle's Low price, its Close price is in the upper half of the previous candle body.

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.


Plot Description
Bullish The Piercing Line 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.