This is the 12 screen in the series Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns
Bullish Three White Soldiers
Definition:
The Bullish Three White Soldiers Pattern is a reliable bullish trend reversal indication. Formed by three long candlesticks stepping upward like a staircase, the open of the second and third candles is contained within the upper half of the previous days candle (a gap).
Recognition Criteria:
1. Market is characterized by downtrend, or by a pullback / sideways consolidation during a bullish market
2. Three white candles are formed, with larger than average real bodies.
3. Each candlestick closes higher than the previous day.
4. The opening of each candlestick is within the upper 1/2 of body of the previous day.
5. Each consecutive day closes near or at its highs, with small or nonexistent shadows.
Three White Soldiers Stock Screen
set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
set{lshadowsize, body_bottom – low}
set{tshadowsize, high – body_top}
set{tshadowsize2, tshadowsize * 2}
set{body_size, body_top minus body_bottom}
set{large_body, 1.5 * body_size}
set{mid_point, body_size / 2}
set{mid_price, open + mid_point}
show stocks where close 2 days ago is above open 2 days ago
and body_size 2 days is greater than CMA(large_body,30)
and open 1 day ago is above mid_price 2 days ago
and open 1 day ago is below close 2 days ago
and close 1 day ago is above open 1 day ago
and close 1 day ago is above close 2 days ago
and body_size 1 day ago is greater than CMA(large_body,30)
and open is above mid_price 1 day ago
and open is below close 1 day ago
and close is above open 1 day ago
and close is above close 1 day ago
and body_size is greater than CMA(large_body,30)
and close is above 5
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