Three inside

three_insidepatternsForge API 1

A harami confirmed by the third bar.

Inputs

NameTypeDefaultRange
long_body_pctfloat500 to 100
allow_equalbooltrue

Outputs

NameTypeRequiredDescription
three_insideeventOptionalcolor_down theme.down, color_up theme.up, shape diamond, style marker, where above_bar
Warm-up
2 bars (2 at the defaults)
Repaints
No
Parity
None

Formula

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

up: the first two bars are a harami after a fall and the third closes above the first open

down: the first two bars are a harami after a rise and the third closes below the first open

Found: 1 up, -1 down

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.