Scanning for this type of candle

Try this.

You may not get hits every day.


// begin candle scan

// close less than yesterday's open

and [open < 1 day ago close]

// close is in the bottom tenth of the bar's range (or wherever)

and [ close < low + [range * .1]]

// the distance from high to open is at least the distance from open to low

and [ [high - open] >= [open - low ]]

// you can stop here, or,
//if you want to insure that the candle body is a certain size add these lines:

// open is below close

and [open > close]

// candle body is greater than 30 per cent of range (or some other per cent < 50)
// reverse the ">" to "<" if you want it not larger than a certain size

and [ [open - close] > [ range * .3] ]

// you can stop here, or,
//if you want to insure a certain range, specify a fraction or multiple of average true range

// range is greater than 80 per cent of average true range for the past 5 bars

and [range > ATR(5) * .8]

// end scan