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cdlabandonedbaby

CDLABANDONEDBABY​

Type: cdlabandonedbaby • Category: indicators

Description​

Abandoned Baby

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLABANDONEDBABY"

Help​

CDLABANDONEDBABY

Overview​

The CDLABANDONEDBABY worker is an indicator specifically designed for financial markets. It identifies a particular candlestick pattern known as the Abandoned Baby.

Description​

The Abandoned Baby pattern is a rare and significant candlestick formation that signals a potential reversal in the market trend. It consists of three consecutive candlesticks with specific characteristics.

What does this worker do?​

The CDLABANDONEDBABY worker analyzes a set of candlestick data (open, high, low, close) to identify occurrences of the Abandoned Baby pattern. When the pattern is detected, it can be interpreted as a bullish or bearish signal, depending on the context in which it appears.

How to Interpret the Results​

  • A bullish Abandoned Baby pattern occurs at the bottom of a downtrend and is characterized by a gap down on the first day, a small body on the second day (often a doji), and a gap up on the third day with a large bullish body.
  • A bearish Abandoned Baby pattern occurs at the top of an uptrend and is characterized by a gap up on the first day, a small body on the second day (often a doji), and a gap down on the third day with a large bearish body.

Parameters​

The following parameters can be passed to the CDLABANDONEDBABY worker:

Parameters Schema (JSON)​

{
  "open": {
    "type": "string",
    "description": "The opening price of the candlestick."
  },
  "high": {
    "type": "string",
    "description": "The highest price of the candlestick."
  },
  "low": {
    "type": "string",
    "description": "The lowest price of the candlestick."
  },
  "close": {
    "type": "string",
    "description": "The closing price of the candlestick."
  },
  "pattern": {
    "type": "string",
    "default": "CDLABANDONEDBABY",
    "description": "The name of the pattern to identify (default is CDLABANDONEDBABY)."
  }
}

Detailed Parameters List​

  • open: string - The opening price of the candlestick.
  • high: string - The highest price of the candlestick.
  • low: string - The lowest price of the candlestick.
  • close: string - The closing price of the candlestick.
  • pattern: string (default: CDLABANDONEDBABY) - The name of the pattern to identify. This parameter is optional and defaults to "CDLABANDONEDBABY" if not provided.