CDLADVANCEBLOCK

Type: cdladvanceblock • Category: indicators

Description

Advance Block

Parameters

Name	Type	Description	Required	Default
open	string		no
high	string		no
low	string		no
close	string		no
pattern	string		no	"CDLADVANCEBLOCK"

Help

CDLADVANCEBLOCK

Overview

The CDLADVANCEBLOCK indicator is used in financial markets to identify potential bearish reversal patterns.

Description

The CDLADVANCEBLOCK indicator is a candlestick pattern indicator that detects the Advance Block pattern. This pattern is characterized by three consecutive bullish candlesticks with rising prices, but decreasing buying momentum.

What does this worker do?

This worker calculates the CDLADVANCEBLOCK indicator values based on the provided open, high, low, and close prices. It identifies potential bearish reversals by analyzing the pattern and returns a value indicating the presence and type of the pattern.

How to interpret the results

The CDLADVANCEBLOCK indicator returns a value that indicates the presence and type of the Advance Block pattern. A value of 1 indicates a bearish reversal pattern, while a value of 0 indicates no pattern.

Parameters

The following parameters are required to calculate the CDLADVANCEBLOCK indicator:

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": "CDLADVANCEBLOCK",
    "description": "The pattern to detect (default is CDLADVANCEBLOCK)."
  }
}

Detailed Parameters

• open: string, required - The open price of the candlestick.
• high: string, required - The high price of the candlestick.
• low: string, required - The low price of the candlestick.
• close: string, required - The close price of the candlestick.
• pattern: string, optional (default: CDLADVANCEBLOCK) - The pattern to detect. For this worker, the default and only supported pattern is CDLADVANCEBLOCK.