6.9 Two in a row
Two in a row patterns are 2-day patterns. It is completely opposite of engulfing or harami patterns. The real bodies of two day candles are completely disjoint.
6.9.1 Kicking up
Bullish signal:
- bearish candle on day 1
- bullish candle on day 2
- gap up between day 1 and day 2
Here is an exmample:
price <- MSFT['2011-11-08/2011-11-14']
candleChart(price, theme='white')
We can identify the pattern through the following code:
kick.up <-c(NA)
for (i in 2:length(Cl(MSFT))){
if (D[i-1]>0 &&
U[i]>0 &&
OP[i]>=CL[i-1]){
kick.up [i] <- 1
} else{
kick.up[i] <- 0
}
}
kick.up <- reclass(kick.up,Cl(MSFT))
Let us check if our code does the job:
kick.up['2011-11-08/2011-11-14']
## [,1]
## 2011-11-08 0
## 2011-11-09 0
## 2011-11-10 0
## 2011-11-11 1
## 2011-11-14 0
6.9.2 Kicking Down
Bearish signal:
- bullish candle on day 1
- bearish candle on day 2
- gap down between day 1 and day 2
Here is an exmample:
price <- MSFT['2010-08-16/2010-08-19']
candleChart(price, theme='white')