A strong down day.  A gap up.  The gapping candle must be a strong up day.  A two Candle pattern.

Long and gap are both terms which are subject to significant disagreement between different candlestick practitioners on the web.

The following Condition Formula uses two criteria for "long". The candle must be more than twice the size of an average candle (I'm using a past value of a 20-period moving average of range for this) and the individual wicks must be relatively short and constitute less than 20% of the candle.

The following Condition Formula defines the gap up as the low of the current candle being above the high of the previous candle.

H - L > 2 * (AVGH20.2 - AVGL20.2) AND H - C < .2 * (H - L) AND O - L < .2 * (H - L) AND L > H1 AND H1 - L1 > 2 * (AVGH20.2 - AVGL20.2) AND H1 - O1 < .2 * (H1 - L1) AND C1 - L1 < .2 * (H1 - L1)

If you have different definitions in mind for these terms, the Condition Formula would need to be adjusted to match your particular definitions.

Boolean PCFs for Candlestick Patterns

Bruce,

Please help me.  I am new to TC2000.  When I click on New Condition PCF Formula and paste  a formula

that you provided to another user, I get the error message  "Please enter a formula"

thanks

Pleasy try copying and pasting the formula into a text editor (such as Notepad and not a word processor like Word). Then copy and paste from the text editor into TC2000.

That worked Bruce,. Thanks!

You're welcome.