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CDL2CROWS

Type: cdl2crows • Category: indicators

Description​

Two Crows

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDL2CROWS"

Help​

CDL2CROWS

Description​

The CDL2CROWS indicator, also known as Two Crows, is a candlestick pattern used in financial analysis to predict potential reversals in market trends. This indicator is particularly useful for identifying bearish reversals.

What does this worker do?​

The CDL2CROWS worker analyzes a set of financial data, specifically focusing on the open, high, low, and close prices of a security over a certain period. It then identifies instances where the Two Crows pattern occurs, indicating a possible downward trend.

How to interpret the results​

When the CDL2CROWS indicator identifies a Two Crows pattern, it suggests that the market is experiencing a bearish reversal. This means that after a period of rising prices, the market is likely to start falling. The presence of this pattern can be a signal for investors to sell their positions or to refrain from buying.

Usage​

To use the CDL2CROWS indicator, simply provide the required financial data, including:

  • dataExp: prices data
  • open: opening prices
  • high: highest prices
  • low: lowest prices
  • close: closing prices
  • pattern: the specific pattern to be identified (in this case, Two Crows)

Indicator Visuals​

For a better understanding of how to use the CDL2CROWS indicator, refer to the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Knowledge​

The Two Crows pattern is a type of bearish reversal pattern that consists of three consecutive candlesticks. The first candlestick is a long white candle, indicating a continuation of the uptrend. The second candlestick is a small body candle (either white or black) with an upward gap from the first candlestick. The third candlestick is a long black candle that closes below the midpoint of the first candlestick, indicating a strong reversal of the trend.

By incorporating the CDL2CROWS indicator into your financial analysis, you can gain valuable insights into potential market reversals and make more informed investment decisions.