Belt Hold

Belt Hold detects the belt hold candlestick (a one-candle line opening at one extreme of its range and closing hard toward the other), with each textbook requirement encoded as a measurable test, the pattern's first faithful build in the library. Detection requires counter-trend context (the prior close beyond a 14-bar average), a real body at least 1.2× the recent average, a shaved open within tolerance, a limited closing shadow, and a close reaching well into the previous candle's range. Each hit is labeled, and its opening extreme extends forward as the natural invalidation level.

How to Trade the Belt Hold?

• Bullish Belt Hold label: after a decline, the session opened essentially at its low and closed strongly higher. Buyers controlled it from the first print.
• Bearish Belt Hold label: the mirror after an advance, opening at the session high and closing strongly lower.
• Invalidation level breached: price traded back through the opening extreme. The rejection failed, the level turns dotted and dim, and a dedicated alert fires.

Belt Hold Settings

• Trend Length (default 14): average establishing the trend the candle prints against.
• Body Average Length (default 14): bars averaged to define a long real body.
• Long Body Multiplier (default 1.2): minimum body versus that average.
• Opening Shadow Tolerance % (default 5): largest shadow allowed on the opening side.
• Closing Shadow Tolerance % (default 25): shadow allowed at the closing end.
• Prior Range Penetration % (default 50): reach of the close into the prior candle's range.
• Require Gap Open (default disabled): restrict detection to the ideal gapping form.
• Next-Bar Confirmation (default disabled): mark only follow-through patterns, one bar later.
• Invalidation Levels (default enabled) with Show Last Levels (default 8) capping how many stay drawn.
• Style toggles cover labels, candle highlighting, and the trend basis plot.

Frequently Asked Questions

How is a belt hold different from a marubozu?

Should I wait for next-bar confirmation?

What invalidates the signal?