RisingThreeMethods

Description

Rising Three Methods is a bullish trend continuation candlestick pattern consisting of five candles.

The Rising Three Methods candlestick pattern is recognized if:

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

  • The next three candles are short and, as a group, form a short-term downtrend, closing within the first candle's body;

  • The fifth candle is long and bullish again and its Close price is higher than 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.
body factor The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.

Plots

Plot Description
Bullish The Rising Three Methods 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.