Takuri Line Candlestick: Important Results
11:57 Mobius: Train.. lets try this a different way. Here is a share link with the study
https://tos.mx/MwnzYZ
Theoretical performance: Bullish reversal
Tested performance: Bullish reversal 66% of the time Frequency rank: 28Overall performance rank: 47Best percentage meeting price target: 82% (bull market, up breakout)Best average move in 10 days: -4.45% (bear market, down breakout)
Best 10-day performance rank: 39 (bull market, down breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market,
up/down breakouts.
11:57 Mobius: Train.. lets try this a different way. Here is a share link with the study
https://tos.mx/MwnzYZ
Ruby:
# "Takuri Line" (2) prior DOWN candles Then a Takuri Candle. A small bodied candle with a lower shadow that is at least 3x the height of the body and little or no upper shadow.
# Mobius
# Chat Room Discussion 07.10.2018
# Name the Study "Takuri_Line"
# The Scan Code is: close crosses Takuri_Line()
input TrendLength = 2;
def o = open;
def h = high;
def l = low;
def c = close;
def x = barNumber();
def nan = double.nan;
def TakuriTrendDn = IsDescending(c, TrendLength)[1];
def BodyHeight = AbsValue(c - o);
def CandleRange = h - l;
def Shadow = Min(c, o) - l;
def Wick = h - Max(c, o);
def TakuriDn = if TakuriTrendDn and
BodyHeight / CandleRange <= .033 and
Shadow / CandleRange >= .7 and
Wick / CandleRange <= .25
then h
else TakuriDn[1];
def TakuriDnX = if h == TakuriDn
then x
else nan;
plot TakuriLine = if x >= HighestAll(TakuriDnX)
then HighestAll(if isNaN(c[-1])
then TakuriDn
else nan)
else nan;
TakuriLine.SetStyle(Curve.Firm);
TakuriLine.SetLineWeight(1);
TakuriLine.SetDefaultColor(Color.Cyan);
AddChartBubble(isNaN(close[3]) and !isNaN(close[4]), TakuriLine, "Takuri");
# End Code
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