Abbreviation:
Category: Candlestick Line
Input Parameters:
| Name | Range | Default |
| Opening Price | Open | |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
Calculation:
= (Candle Upper Shadow Length > Candle Body Length
AND Candle Upper Shadow Length > 0.25*ExpAvg(Candle Body Length,9) )
Discussion:
Indicates a large difference between the high and the open/close.
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 Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).