indicator · on price · open source
Abandoned Baby
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About
Abandoned Baby: rare 3-bar reversal — a bearish candle, a gapped-up doji, then a bullish candle that gaps up again, leaving the middle bar isolated from the others.
- Green bar colour on the confirmation bar.
- One of the strongest reversal patterns; only triggers in clearly gapped markets.
Source code
//@version=5
indicator("Abandoned Baby", overlay=true)
doji2 = math.abs(close[1] - open[1]) < (high[1] - low[1]) * 0.2
ab = close[2] < open[2] and doji2 and low > high[1] and close > open and low > high[2]
barcolor(ab ? color.green : na)
plotshape(ab, "Abandoned Baby", style=shape.diamond, location=location.belowbar, color=color.green, text="AB")
alertcondition(ab, "Abandoned Baby", "Bullish Abandoned Baby printed")
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