piercing

forge.tafunctionSince Forge API 1
Functionpython
forge.ta.piercing(open: ArrayLike,high: ArrayLike,low: ArrayLike,close: ArrayLike,long_body_pct: float = 50.0,penetration: float = 0.5) -> np.ndarray

Piercing line: a rise that closes deep into the previous fall. Found: 1.

Parameters

NameTypeDefault
openArrayLike
highArrayLike
lowArrayLike
closeArrayLike
long_body_pctfloat50.0
penetrationfloat0.5

Indicator: Piercing line

The first bar falls with a long body, the second opens at or below its close and closes at least penetration of the first body above that close, still below the first open.

Classpython
forge.ta.Piercing(**inputs: Any) -> None

A rise that closes deep into the previous fall.

Inputs

NameTypeDefaultRange
long_body_pctfloat500 to 100
penetrationfloat0.50 to 1

body = |close - open|, range = high - low, upper wick = high - max(open, close), lower wick = min(open, close) - low

the first bar falls with a long body; the second rises, opens at or below the first close and closes at or above first close + penetration * first body, below the first open

Found: 1

A bar whose high equals its low, or that has a missing price, is never part of a pattern. Computed on the prices the bars are drawn with: on Heikin-Ashi or Renko bars those are the built candles.