Piercing Line

This formation consists of two candlesticks.

TThe first is black the second white. The white candlestick body opens lower than the black body close, but closes above the midpoint of the black body. This is a bullish continuation pattern.

Piercing 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.