Description Usage Arguments Details Value Note Author(s) References Examples
Look for Above/Below The Stomach Pattern in a Open/Close Time Series
1 | CSPStomach(TS)
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TS |
xts Time Series containing Open and Close Prices |
Number of candle lines: 2
Above The Stomach:
Prior trend: down
A black candle followed by a white candle. The opening price of the second day must be at or above the mid point of the first candle's body.
Below The Stomach:
Prior trend: up
A white candle followed by a black candle. The opening price of the second day must be at or below the mid point of the first candle's body.
A xts object containing the columns:
AboveTheStomach |
TRUE if Above The Stomach pattern detected |
BelowTheStomach |
TRUE if Below The Stomach pattern detected |
The function filters patterns that look like above/below the Stomach, without considering the current trend direction. If only above the Stomach pattern in downtrends should be filtered, a external trend detection function must be used. See examples.
Andreas Voellenklee
The following site(s) were used to code/document this indicator:
http://www.thepatternsite.com/AboveStomach.html
http://www.thepatternsite.com/BelowStomach.html
1 2 3 4 5 6 7 8 | ## Not run:
getSymbols('YHOO',adjust=TRUE)
CSPStomach(YHOO)
# filter above the Stomach pattern in downtrends
CSPStomach(YHOO)[,"AboveTheStomach"] & TrendDetectionChannel(lag(YHOO,k=2))[,"DownTrend"]
## End(Not run)
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