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CDL3LINESTRIKE

Type: cdl3linestrike • Category: indicators

Description​

Three-Line Strike

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDL3LINESTRIKE"

Help​

CDL3LINESTRIKE

Three-Line Strike​

Description​

The CDL3LINESTRIKE (Three-Line Strike) is a candlestick pattern indicator used in financial analysis to identify potential trend reversals. It is a type of candlestick pattern that consists of four candles.

What does this worker do?​

The CDL3LINESTRIKE worker analyzes a set of financial data, specifically prices, and identifies occurrences of the Three-Line Strike pattern. The pattern consists of:

  • A long bullish candle (green or white)
  • Followed by three smaller bearish candles (red or black)
  • The fourth candle is a long bullish candle that closes above the high of the first candle.

The worker takes the following parameters:

  • dataExp: prices data
  • open: The opening price of the financial instrument
  • high: The highest price of the financial instrument
  • low: The lowest price of the financial instrument
  • close: The closing price of the financial instrument
  • pattern: The type of candlestick pattern (in this case, Three-Line Strike)

How to interpret the results​

When the CDL3LINESTRIKE worker identifies a Three-Line Strike pattern, it can be interpreted as a bullish reversal signal. This means that the current downtrend may be coming to an end, and a new uptrend may be emerging.

Knowledge about this indicator​

The Three-Line Strike pattern is considered a reliable bullish reversal pattern. It is characterized by a strong bullish candle that confirms the reversal of the trend. The pattern is often seen at the end of a downtrend, and it can be used as a buy signal.

Example usage​

To use the CDL3LINESTRIKE worker, simply pass in the required parameters, including the financial data and the type of candlestick pattern.

Visualizing the Pattern​

The following images illustrate the Three-Line Strike pattern:

Full Animation​

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

Short Animation​

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