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cdlonneck

CDLONNECK​

Type: cdlonneck • Category: indicators

Description​

On-Neck Pattern

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLONNECK"

Help​

CDLONNECK

On-Neck Pattern Indicator for Financial Markets​

Description​

The CDLONNECK worker is an indicator used in financial markets to identify the On-Neck pattern, a specific candlestick formation that can signal a potential trend reversal.

What does this worker do?​

This worker analyzes the given candlestick data (open, high, low, close) to detect the On-Neck pattern. The On-Neck pattern is characterized by a long black candle followed by a small real body candle (either black or white) that closes near the midpoint of the previous candle's real body. This pattern can indicate a potential bullish reversal.

How to Interpret the Results​

The output of the CDLONNECK worker is a value that indicates the presence or absence of the On-Neck pattern. A value of 1 typically indicates that the pattern is present, while 0 indicates that it is not. The interpretation of this output depends on the context of the analysis and the specific trading strategy being employed. Generally, the appearance of the On-Neck pattern can be seen as a bullish signal.

Parameters​

The CDLONNECK worker accepts the following parameters:

Parameters Schema (JSON)​

{
  "open": {
    "type": "string",
    "description": "The opening price of the candlestick."
  },
  "high": {
    "type": "string",
    "description": "The highest price of the candlestick."
  },
  "low": {
    "type": "string",
    "description": "The lowest price of the candlestick."
  },
  "close": {
    "type": "string",
    "description": "The closing price of the candlestick."
  },
  "pattern": {
    "type": "string",
    "default": "CDLONNECK",
    "description": "The specific candlestick pattern to identify (fixed as CDLONNECK)."
  }
}

Detailed Parameters List​

  • 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 (default: CDLONNECK) - The specific candlestick pattern to identify. This parameter is fixed as CDLONNECK for this worker.