Abbreviation:
Category: Candlestick Line
Input Parameters:
| Name | Range | Default |
| Opening Price | Open | |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
Calculation:
= difference between High Price and Low Price is less than 3% of ExpAvg(Candle Body Length,9)
AND difference between High Price and Opening Price is less than 3% of ExpAvg(Candle Body Length,9)
AND difference between High Price and Closing Price is less than 3% of ExpAvg(Candle Body Length,9)
AND difference between Low Price and Closing Price is less than 3% of ExpAvg(Candle Body Length,9)
AND difference between Low Price and Opening Price is less than 3% of ExpAvg(Candle Body Length,9)
Discussion:
A very rare candlestick indicating extreme indecision in the market.
For more details, refer to page 16 of the book, CandlePower, by Gregory L. Morris (Chicago, IL, Probus Publishing Company, 1992, ISBN 1-55738-458-4). Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).