Long Black Line

A long bearish candlestick with a wide range between high and low, and prices open near the high and close near the low. (the longer the body, the more significant the price decrease).

 

Recognition Criteria:

·       Opening Price is higher than the closing price

·       Body length is higher than N times of the average body length of previous M lines.

 

Function: LongBlack()

Trend: Bearish

Type: Simple