CDLONNECK

Summary

A two-candle on-neck pattern: a long black candle followed by a white candle that opens below the prior candle's low and closes right at that low. Bearish continuation signal. A hit is bearish (bearish continuation); the code does not verify the assumed prior downtrend.

Formula

Two candles. 1^st: black (close BodyLong average). 2^nd: white (close>=open); open < prior low; close within the Equal band of the prior low, i.e. (prior_low - EqualAvg) <= close2 <= (prior_low + EqualAvg).

Notes

The bearish-continuation reading assumes a prior downtrend, which is not verified.

Inputs

inPriceOHLC — Open/High/Low/Close price series

Outputs

outInteger — -100 on a match, 0 otherwise. Only -100 is ever emitted (never +100); on-neck is always bearish

Implementation

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

Native	File
C	`ta_CDLONNECK.c`
Rust	`cdlonneck.rs`
Java	`Core.java`

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

Aliases

On-Neck Pattern, On-Neck Line