C MornStar EveStar
Definition
The C_MornStar_EveStar indicator identifies the occurrence of two candlestick patterns: Morning Star and Evening Star, and marks the bars with these patterns. For more info about Doji pattern check here.
The Morning Star pattern is composed of three candles:
1. a long red candle (its body needs to be larger than the average body);
2. a small body candle that gaps lower and forms the star;
3. a green candle that closes will into the real body of the first candle.
The Evening Star is also composed of three candles:
1. a long green candle (its body needs to be larger than the average body);
2. a small body candle that gaps lower and forms the star;
3. a red candle that closes will into the real body of the first candle.
Default Inputs
Length sets the number of bars used to calculate the average body, 14 by default.