Three Gaps Down

This formation consists of three candlesticks, each gaps progressively lower. When formation appears in an downtrend it is a sign that selling power may be diminishing.

Parameters:

BarsBack BarsBack must be greater than MinBars.

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

MinBars 1(Fixed)

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