Kairos™

In Neck Line

This formation consists of two candlesticks.

The first is long and black the second is a short white real body. The close of the white candlestick is above the low of the black one. This pattern appears in downtrends. The white candlestick represents a brief pause where the bulls have stopped the downward trend but once the white candlestick low is broken the downtrend should resume.

In Neck Line

Parameters:

BarsBack BarsBack must be greater than MinBars.

The candlestick formation will be scanned this many bars back in the timeframe.

MinBars 1(Fixed)

The value of MinBars will be one less than the number of bars in the candlestick formation.