sanku

Function Name: sanku

Tags: None

Category: Candlestick

The Japanese word for a candlestick pattern that consists of three individual gaps located within a well-defined trend. After the appearance of the third gap, the pattern is used to suggest an impending reversal in the direction of the current trend. This pattern is used by traders to predict situations of exhaustion and change in a trend. Ultimately, the current trend is said to be reversed when the price of the asset fills the third gap. Technical traders should not rely solely on the three gaps pattern to predict a reversal; rather, they should combine this technique with other technical indicators.

 

 

Link: http://www.investopedia.com/terms/s/sanku.asp

 

Period
	Default Value: 5  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric
ShowTraderBar
	Default Value: -1
	Type: Boolean
ShowTraderMark
	Default Value: -1
	Type: Boolean