Side by Side White Gap Down

This formation consists of two white candlesticks which are about the same size.

The candlesticks both have the same open. If these candlesticks gap lower form a previous candlestick and the market is in an downtrend, this signals that the downtrend will continue.

Side by Side White Gap Down

Parameters:

BarsBack BarsBack must be greater than MinBars.

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

MinBars 2(Fixed)

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