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cdl3linestrike

CDL3LINESTRIKE​

Type: cdl3linestrike • Category: indicators

Description​

Three-Line Strike

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDL3LINESTRIKE"

Help​

CDL3LINESTRIKE

Overview​

The CDL3LINESTRIKE worker is an indicator used in financial markets to identify specific patterns in price movements.

Description​

The CDL3LINESTRIKE indicator is a candlestick pattern recognition tool. It identifies the Three-Line Strike pattern, which is a reversal pattern that can occur at the end of a trend.

What does this worker do?​

The CDL3LINESTRIKE worker analyzes a set of candlestick data, including open, high, low, and close prices, to identify the Three-Line Strike pattern. This pattern consists of four consecutive candlesticks with specific characteristics:

  • The first three candlesticks have the same color (either bullish or bearish) and form a strong trend.
  • The fourth candlestick has the opposite color and completely engulfs the previous three candlesticks.

How to interpret the results​

The output of the CDL3LINESTRIKE worker is a value that indicates the presence and type of the Three-Line Strike pattern:

  • A value of 1 indicates a bullish Three-Line Strike pattern (i.e., a potential buy signal).
  • A value of -1 indicates a bearish Three-Line Strike pattern (i.e., a potential sell signal).
  • A value of 0 indicates that no Three-Line Strike pattern was detected.

Parameters​

The following parameters can be passed to the CDL3LINESTRIKE worker:

Parameters Schema (JSON)​

{
  "open": {
    "type": "string",
    "description": "The open price of the candlestick."
  },
  "high": {
    "type": "string",
    "description": "The high price of the candlestick."
  },
  "low": {
    "type": "string",
    "description": "The low price of the candlestick."
  },
  "close": {
    "type": "string",
    "description": "The close price of the candlestick."
  },
  "pattern": {
    "type": "string",
    "default": "CDL3LINESTRIKE",
    "description": "The pattern to be recognized (defaults to CDL3LINESTRIKE)."
  }
}

Parameters List​

  • open: string - The open price of the candlestick.
  • high: string - The high price of the candlestick.
  • low: string - The low price of the candlestick.
  • close: string - The close price of the candlestick.
  • pattern: string (default: CDL3LINESTRIKE) - The pattern to be recognized.