Skip to main content

cdlmatchinglow

CDLMATCHINGLOW​

Type: cdlmatchinglow • Category: indicators

Description​

Matching Low

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLMATCHINGLOW"

Help​

CDLMATCHINGLOW

Overview​

The CDLMATCHINGLOW worker is an indicator used in financial markets to identify a specific candlestick pattern known as the Matching Low pattern.

Description​

The Matching Low pattern is a bullish reversal pattern that occurs when two consecutive candlesticks have the same low price, and the second candlestick has a close price higher than the first candlestick's close price.

What does this worker do?​

This worker analyzes a set of candlestick data and identifies when the Matching Low pattern occurs. It returns a signal indicating whether the pattern is present or not.

How to interpret the results​

When the worker returns a positive signal, it indicates that the Matching Low pattern has been identified, suggesting a potential bullish reversal in the market. Conversely, a negative signal or no signal indicates that the pattern is not present.

Parameters​

The following parameters can be passed to the CDLMATCHINGLOW 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": "CDLMATCHINGLOW",
    "description": "The pattern to identify (default: CDLMATCHINGLOW)"
  }
}

Detailed 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: CDLMATCHINGLOW) - The pattern to identify. For this worker, the default value is CDLMATCHINGLOW, which is the only supported pattern.