CDLHIGHWAVE

Summary

Single-candle pattern: a short real body with both a very long upper and a very long lower shadow. Signals market indecision; the output sign reports only candle color, not a bullish/bearish direction. A hit marks indecision (long-legged candle); not directional - sign encodes only the candle's color.

Formula

One candle at index i. Hit when all hold: (1) short real body: real body < the BodyShort average; (2) very long upper shadow: upper shadow > the ShadowVeryLong average; (3) very long lower shadow: lower shadow > the ShadowVeryLong average. No color, gap, or trend condition.

Inputs

inPriceOHLC — OHLC price series (open, high, low, close)

Outputs

outInteger — On a hit, +100 when the candle is white (close >= open) or -100 when black (close < open); 0 otherwise. Sign denotes color, NOT bull/bear

Implementation

TA-Lib Definition: cdlhighwave.c · cdlhighwave.yaml

Native	File
C	`ta_CDLHIGHWAVE.c`
Rust	`cdlhighwave.rs`
Java	`Core.java`

TA-Lib is also available for Python, R and more using a wrapper.

Aliases

High-Wave Candle, High Wave