Abbreviation:
Category: Chart Pattern Identification
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Periods | Int >= 1 | 10 |
Calculation:
If (Low Price < previous Low Price) and (Closing Price < PriceMidpoint(High Price, Low Price, Periods)) then 1
Otherwise 0
PriceMidpoint represents Price Range Midpoint
Discussion:
Indicates the potential for a downturn in the market.