cdlhomingpigeon

CDLHOMINGPIGEON

Type: cdlhomingpigeon • Category: indicators

Description

Homing Pigeon

Parameters

Name	Type	Required	Default
`open`	string	no
`high`	string	no
`low`	string	no
`close`	string	no
`pattern`	string	no	`"CDLHOMINGPIGEON"`

Help

CDLHOMINGPIGEON

Overview

The CDLHOMINGPIGEON indicator is used in financial markets to identify a specific candlestick pattern known as the Homing Pigeon.

Description

The Homing Pigeon is a bullish reversal candlestick pattern that appears in a downtrend. It consists of two consecutive candlesticks: the first one is a long bearish candle, and the second one is a bullish candle that closes within the body of the first candle, preferably near its midpoint.

What does this worker do?

This worker calculates and identifies the Homing Pigeon candlestick pattern in financial markets, providing insights into potential bullish reversals.

How to interpret the results

When the worker identifies a Homing Pigeon pattern, it may indicate a potential reversal of the current downtrend. Traders and investors can use this signal to consider buying or covering short positions.

Parameters

The following parameters are required to use the CDLHOMINGPIGEON 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": "CDLHOMINGPIGEON",
    "description": "The name of the pattern (default is CDLHOMINGPIGEON)."
  }
}

Detailed Parameters

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: CDLHOMINGPIGEON) - The name of the pattern. This parameter is optional and defaults to CDLHOMINGPIGEON if not provided.