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CDLADVANCEBLOCK

Type: cdladvanceblock • Category: indicators

Description​

Advance Block

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLADVANCEBLOCK"

Help​

CDLADVANCEBLOCK

Description​

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

What does this worker do?​

The CDLADVANCEBLOCK worker analyzes a set of financial data, specifically prices, to identify the Advance Block pattern. This pattern is characterized by three consecutive bullish candlesticks with rising prices, followed by a fourth bearish candlestick that closes below the midpoint of the previous candlestick.

How to interpret the results​

When the CDLADVANCEBLOCK indicator identifies an Advance Block pattern, it may be a sign of 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 CDLADVANCEBLOCK indicator, simply pass in the required parameters:

  • dataExp: prices data
  • open: opening prices
  • high: highest prices
  • low: lowest prices
  • close: closing prices
  • pattern: not described

Indicator Pattern​

The Advance Block pattern consists of four consecutive candlesticks:

  1. Three consecutive bullish candlesticks with rising prices
  2. A fourth bearish candlestick that closes below the midpoint of the previous candlestick

Visual Representation​

For a visual representation of how to use the CDLADVANCEBLOCK indicator, please see the following images:

Full Indicator Usage​

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

Short Indicator Usage​

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

Additional Knowledge​

The Advance Block pattern is considered a bearish reversal pattern, which means that it can be used to identify potential selling opportunities in the market. However, as with any technical indicator, it should be used in conjunction with other forms of analysis and risk management techniques to maximize its effectiveness.