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cdlshootingstar

CDLSHOOTINGSTAR​

Type: cdlshootingstar • Category: indicators

Description​

Shooting Star

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLSHOOTINGSTAR"

Help​

CDLSHOOTINGSTAR

Description​

The CDLSHOOTINGSTAR worker is an indicator used in financial markets to identify a specific candlestick pattern known as the Shooting Star. This pattern is typically considered a bearish reversal signal.

What does this worker do?​

This worker analyzes financial market data, specifically looking for instances of the Shooting Star candlestick pattern. The Shooting Star pattern is characterized by a small body at the lower end of a long upper wick, indicating a potential reversal in the market trend.

How to Interpret the Results​

When the CDLSHOOTINGSTAR worker identifies a Shooting Star pattern, it may indicate that the current uptrend is losing momentum and could potentially reverse into a downtrend. Traders and investors might use this signal to adjust their market positions accordingly.

Parameters​

The following parameters can be passed to the CDLSHOOTINGSTAR worker:

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": "CDLSHOOTINGSTAR",
    "description": "The candlestick pattern to identify (default is CDLSHOOTINGSTAR)."
  }
}

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: CDLSHOOTINGSTAR) - The candlestick pattern to identify. For this worker, the default and expected value is CDLSHOOTINGSTAR.