indicator · on price · open source
Dark Cloud Cover
Running…
Loading chart…
About
Dark Cloud Cover: a bullish candle followed by a bearish candle that opens above the prior high and closes below the midpoint of the prior body. Bearish reversal signal.
- Red bar colour on the bearish confirmation bar.
- Strongest at resistance zones or after a sharp rally.
Source code
//@version=5
indicator("Dark Cloud Cover", overlay=true)
dcc = close[1] > open[1] and close < open and open > high[1] and close < (open[1] + close[1]) / 2
barcolor(dcc ? color.red : na)
plotshape(dcc, "Dark Cloud Cover", style=shape.triangledown, location=location.abovebar, color=color.red, text="DCC")
alertcondition(dcc, "Dark Cloud Cover", "Dark Cloud Cover pattern printed")
No comments yet.
Sign in to comment.