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cdlmorningstar


CDLMORNINGSTAR

Type: cdlmorningstar • Category: indicators

Description

Morning Star

Parameters

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLMORNINGSTAR"

Help

CDLMORNINGSTAR

Description

The CDLMORNINGSTAR indicator is used in financial markets to identify a specific candlestick pattern known as the Morning Star. This pattern is a bullish reversal indicator that appears at the end of a downtrend.

What does this worker do?

This worker identifies the Morning Star pattern based on the provided candlestick data. The Morning Star pattern consists of three candles:

  • The first candle is a long bearish candle.
  • The second candle is a small bullish or bearish candle with a short body.
  • The third candle is a long bullish candle that closes above the midpoint of the first candle.

How to interpret the results

The output of this worker will indicate whether the Morning Star pattern has been identified. A positive result suggests a potential bullish reversal in the market, while a negative result indicates that the pattern was not found.

Parameters

The following parameters are required to use the CDLMORNINGSTAR worker:

ParameterTypeDescriptionDefault Value
openstringThe opening price of the candlestick.-
highstringThe highest price of the candlestick.-
lowstringThe lowest price of the candlestick.-
closestringThe closing price of the candlestick.-
patternstringThe name of the pattern to identify.CDLMORNINGSTAR

Example JSON Schema:

{
"open": {
"type": "string"
},
"high": {
"type": "string"
},
"low": {
"type": "string"
},
"close": {
"type": "string"
},
"pattern": {
"type": "string",
"default": "CDLMORNINGSTAR"
}
}

Usage

To use the CDLMORNINGSTAR worker, provide the required parameters in the specified JSON format. The worker will then analyze the data and return the result indicating whether the Morning Star pattern was identified.