Long Line Pattern

Long Line is one of the commonly used candlestick patterns in quantitative trading, representing a strong trend pattern.

Calculation Principle

Long Line pattern is identified by the following conditions:

1. Candle body is long, significantly longer than the average body length
2. Small or non-existent upper and lower shadows
3. Body occupies most of the candle
4. Pattern appears at the beginning or in the middle of a trend
5. Indicates strong buying or selling power

Parameter Description

• Input Parameters:
  • Open: Opening price
  • High: Highest price
  • Low: Lowest price
  • Close: Closing price
• Parameters:
  • min_body_ratio: Minimum body ratio (default: 0.8)

Usage Recommendations

1. Use in combination with trend direction
2. Pay attention to the overall market trend
3. Monitor volume confirmation
4. Set reasonable stop-loss levels
5. Watch for false breakouts

Notes

• Ensure data quality
• Pay attention to pattern completeness
• Consider market environment
• Watch for false signals
• Combine with fundamental analysis
• Pay attention to risk control
• Regularly evaluate strategy effectiveness
• Optimize parameters