tasuki_gap

Function Name: tasuki_gap

Tags: None

Category: Candlestick, Pattern

Tasuki Gaps are price continuation candlesticks patterns.

Bullish Tasuki Gap Candlestick Patterns are where an upward price gap is observed after the first candlestick of the pattern, followed by a third bearish candlestick that results as traders pursue brief and temporary profit-taking . The third candlestick closes unable to fill the real price gap. The upward trend of price is expected to continue.

Similarly, a downward bearish candlestick pattern is the result of investors taking advantage of a temporary purchase price increase to open short positions and should confirm an on-going downtrend as the third candlestick period ends without price filling the real gap. The downward trend of price is expected to continue.

Criteria:

1. Market is in an uptrend (downtrend)

2. A long white (black) body appears.

3. Followed by a white (black) candlestick that gaps up.

4. Third candlestick is black (white), opens inside second candle's body and closes inside the gap, while not filling the gap.

 

Parameters:

AvgBodyHeightPeriod: The number of body heights that are averaged to form the body length baseline.

LongBodyRelativeThresh: Baseline multiple used to form the threshold for "long body".

UseTrendCondition: If false, then the criterion No. 1 is not tested.

ShowMark, ShowBar: Display control flags.

 

AvgBodyHeightPeriod
	Default Value: 14  |  Minimum: 1  |  Maximum: 999
	Type: Numeric
LongBodyRelativeThresh
	Default Value: 1  |  Minimum: 0  |  Maximum: 999
	Type: Numeric
UseTrendCondition
	Default Value: -1
	Type: Boolean
ShowMark
	Default Value: -1
	Type: Boolean
ShowBar
	Default Value: -1
	Type: Boolean