Piercing Pattern

The Piercing Pattern is a bullish candlestick pattern, consisting of two candles: a bearish candle followed by a larger bullish candle that closes above the midpoint of the first candle, suggesting a potential trend reversal.

Conditions

Close(-1) lower than Open(-1) and Abs( Close(-1) - Open(-1) ) higher than equal to ( High(-1) - Low(-1) ) * 0.6 and Open(0) lower than Close(-1) and Close(0) lower than Open(-1) and Close(0) higher than ( Close(-1) + ( Open(-1) - Close(-1) ) * 0.5 ) and Low(0) lower than Low(-1) and High(0) lower than High(-1) and Close(0) higher than Open(0)

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