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CDL3BLACKCROWS

Type: cdl3blackcrows • Category: indicators

Description​

Three Black Crows

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDL3BLACKCROWS"

Help​

CDL3BLACKCROWS

Description​

The CDL3BLACKCROWS indicator is a financial analysis tool used to identify potential bearish reversals in the market. It is a type of candlestick pattern indicator.

What does this worker do?​

The CDL3BLACKCROWS indicator identifies a specific candlestick pattern known as the "Three Black Crows" pattern. This pattern consists of three consecutive black (or red) candlesticks with the following characteristics:

  • Each candlestick has a lower close than the previous day's close.
  • Each candlestick has a close that is near its high.

The indicator analyzes the prices data, specifically the open, high, low, and close prices, to identify this pattern.

How to interpret the results​

When the CDL3BLACKCROWS indicator identifies the Three Black Crows pattern, it may indicate a potential bearish reversal in the market. This means that the indicator is suggesting that the current uptrend may be coming to an end and a downtrend may be emerging.

Usage​

To use the CDL3BLACKCROWS indicator, simply pass in the required parameters:

  • dataExp: prices data
  • open: open prices
  • high: high prices
  • low: low prices
  • close: close prices
  • pattern: not used

Example​

For a visual example of how to use the CDL3BLACKCROWS indicator, please see 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 Information​

The Three Black Crows pattern is a relatively rare occurrence, but it can be a powerful indicator of a potential bearish reversal. It is essential to use this indicator in conjunction with other forms of technical and fundamental analysis to confirm the signal.

Parameters​

The following parameters are used in the CDL3BLACKCROWS indicator:

  • dataExp: prices data
  • open: open prices
  • high: high prices
  • low: low prices
  • close: close prices
  • pattern: not used