cdlmathold
CDLMATHOLD
Type:
cdlmathold• Category:indicators
Description
Mat Hold
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
open | string | no | ||
high | string | no | ||
low | string | no | ||
close | string | no | ||
pattern | string | no | "CDLMATHOLD" |
Help
CDLMATHOLD
Mat Hold
Description
The CDLMATHOLD worker is an indicator used in financial markets to identify a specific candlestick pattern known as the "Mat Hold" pattern. This pattern is a continuation pattern that suggests the current trend will continue.
What does this worker do?
The CDLMATHOLD worker analyzes candlestick data and identifies occurrences of the Mat Hold pattern. The Mat Hold pattern is characterized by a specific sequence of candlesticks that indicate a strong continuation of the existing trend.
How to interpret the results
When the CDLMATHOLD worker identifies a Mat Hold pattern, it can be interpreted as a bullish or bearish signal, depending on the trend direction. A bullish Mat Hold pattern indicates a potential upward trend continuation, while a bearish Mat Hold pattern suggests a potential downward trend continuation.
Parameters
The following parameters can be passed to the CDLMATHOLD worker:
| Parameter | Type | Description | Default Value |
|---|---|---|---|
| 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 | The pattern to be identified (fixed as "CDLMATHOLD"). | CDLMATHOLD |
Note: The pattern parameter is optional and defaults to "CDLMATHOLD". It is not necessary to specify it when using the worker.
Example usage:
{
"open": "10.0",
"high": "12.0",
"low": "9.0",
"close": "11.0",
"pattern": "CDLMATHOLD"
}