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cdlspinningtop

CDLSPINNINGTOP​

Type: cdlspinningtop • Category: indicators

Description​

Spinning Top

Parameters​

NameTypeDescriptionRequiredDefault
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLSPINNINGTOP"

Help​

CDLSPINNINGTOP

Description​

The CDLSPINNINGTOP worker is an indicator used in financial markets to identify a specific candlestick pattern known as the Spinning Top. This pattern is characterized by a small body and long wicks on both sides, indicating indecision in the market.

What does this worker do?​

The CDLSPINNINGTOP worker analyzes candlestick data and identifies occurrences of the Spinning Top pattern. This pattern suggests that the market is uncertain about the direction of the price movement, and it can be a sign of a potential reversal or continuation of the current trend.

How to interpret the results​

When the CDLSPINNINGTOP worker identifies a Spinning Top pattern, it returns a value indicating the presence of the pattern. This can be used by traders and analysts to make informed decisions about buying or selling a security. A Spinning Top pattern can be interpreted as a sign of:

  • Indecision in the market
  • Potential reversal of the current trend
  • Continuation of the current trend

Parameters​

The following parameters are required to use the CDLSPINNINGTOP 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": "CDLSPINNINGTOP",
    "description": "The pattern to identify (default: CDLSPINNINGTOP)"
  }
}

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: CDLSPINNINGTOP) - The pattern to identify. For this worker, the default value is CDLSPINNINGTOP.