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CDLBREAKAWAY

Type: cdlbreakaway • Category: indicators

Description​

Breakaway

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLBREAKAWAY"

Help​

CDLBREAKAWAY

Description​

The CDLBREAKAWAY indicator, also known as Breakaway, is a technical analysis tool used in financial markets. It is designed to identify potential trend reversals or continuations.

What does this worker do?​

The CDLBREAKAWAY worker analyzes price data to detect specific patterns that may indicate a breakaway or a significant change in the market trend. It takes into account various price points, including open, high, low, and close prices.

Parameters​

The CDLBREAKAWAY worker uses 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 specific pattern to be identified

How to Interpret the Results​

The CDLBREAKAWAY indicator generates signals that can be interpreted as follows:

  • A bullish signal is generated when the indicator detects a breakaway pattern that suggests a potential upward trend.
  • A bearish signal is generated when the indicator detects a breakaway pattern that suggests a potential downward trend.

Usage​

To use the CDLBREAKAWAY indicator, simply provide the required parameters and analyze the generated signals.

Example Usage​

An example of how to use the CDLBREAKAWAY indicator can be seen in the following GIFs:

Full Example​

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

Short Example​

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

Additional Information​

The CDLBREAKAWAY indicator is a part of the Candlestick Patterns family of indicators, which are used to analyze and predict market trends based on specific patterns in the price charts. The Breakaway pattern is a specific type of candlestick pattern that is used to identify potential trend reversals or continuations.