Hikkake candlestick pattern - Trading Software

Hikkake candlestick pattern

GS
2014-01-01 08:59:51

In QS we have two functions to identify Hikkake pattern, one using Hikkake() and another one is Hikkakemod(). What is the difference between the two? Also I have seen values like -100 and -200 for Hikkake(). Negative sign must be for bearish pattern but what does 100, and 200 signify?

Best regards.

QuantShare
2014-01-02 23:33:46

Best Answer

The "Hikkakemod" is a modified version of the Hikkake pattern.

The negative sign indicates a bearish pattern where -100 means that the pattern was detected and the -200 is for the confirmation (Price must drop below the low of the inside day). For more info, please contact support email.

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