Hanging Man

The hanging man is a candlestick that is made of a small white body with a very long lower shadow. The close is at or near the high. In an uptrend market this indicates a potential market top.

Hanging Man

Parameters:

BarsBack BarsBack must be greater than MinBars.

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

MinBars 0(Fixed)

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