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cdlhighwave

CDLHIGHWAVE​

Type: cdlhighwave • Category: indicators

Description​

High-Wave Candle

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLHIGHWAVE"

Help​

CDLHIGHWAVE

Overview​

The CDLHIGHWAVE indicator is used in financial markets to identify a specific candlestick pattern known as the High-Wave Candle. This pattern is characterized by a candle with a small body and long wicks on both ends, indicating indecision in the market.

Description​

The High-Wave Candle pattern is a type of candlestick pattern that suggests a potential reversal or indecision in the market. It is identified by a candle with a small body and long wicks on both ends.

What does this worker do?​

This worker calculates the CDLHIGHWAVE indicator for a given set of financial data, specifically open, high, low, and close prices. It identifies whether a High-Wave Candle pattern is present in the data.

How to interpret the results​

The output of the CDLHIGHWAVE worker is a value that indicates the presence and type of the High-Wave Candle pattern. A positive value typically indicates a bullish pattern, while a negative value indicates a bearish pattern. The exact interpretation of the output values should be based on the specific requirements of your trading strategy.

Parameters​

The following parameters are required to calculate the CDLHIGHWAVE indicator:

Parameters Schema (JSON)​

{
  "open": {
    "type": "string",
    "description": "The open price of the candle."
  },
  "high": {
    "type": "string",
    "description": "The high price of the candle."
  },
  "low": {
    "type": "string",
    "description": "The low price of the candle."
  },
  "close": {
    "type": "string",
    "description": "The close price of the candle."
  },
  "pattern": {
    "type": "string",
    "default": "CDLHIGHWAVE",
    "description": "The pattern to be identified. Defaults to CDLHIGHWAVE."
  }
}

Detailed Parameters​

  • open: string - The open price of the candle.
  • high: string - The high price of the candle.
  • low: string - The low price of the candle.
  • close: string - The close price of the candle.
  • pattern: string - The pattern to be identified. Defaults to CDLHIGHWAVE.

To use this worker, provide the required parameters in the specified format. The worker will then calculate and return the CDLHIGHWAVE indicator value based on the provided data.