Mat Hold Pattern

This formation consists of two candlesticks.

The first candlestick is white, the second black. The second candlestick opens sharply higher but closes unchanged from the prior session. When this occurs, it indicates that buyers and sellers are at a stand off.

Mat Hold Pattern

Parameters:

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.