CDLDARKCLOUDCOVER

Type: cdldarkcloudcover • Category: indicators

Description

Dark Cloud Cover

Parameters

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

Help

CDLDARKCLOUDCOVER

Overview

The CDLDARKCLOUDCOVER worker is an indicator used in financial markets to identify a specific candlestick pattern known as the Dark Cloud Cover.

Description

The Dark Cloud Cover is a bearish reversal candlestick pattern that occurs during an uptrend. It is characterized by a first candle that is bullish (green or white), followed by a second candle that opens above the high of the first candle but closes below the midpoint of the first candle.

What does this worker do?

This worker analyzes a set of candlestick data (open, high, low, close) to identify the Dark Cloud Cover pattern. It returns a value indicating whether the pattern is present or not.

How to interpret the results

The worker returns a boolean value (true or false) indicating whether the Dark Cloud Cover pattern is present in the given candlestick data. A true result suggests a potential bearish reversal, while a false result indicates that the pattern is not present.

Parameters

The following parameters are required to use the CDLDARKCLOUDCOVER worker:

Parameters Schema (JSON)

{
  "open": {
    "type": "string",
    "description": "The opening price of the candlestick"
  },
  "high": {
    "type": "string",
    "description": "The highest price of the candlestick"
  },
  "low": {
    "type": "string",
    "description": "The lowest price of the candlestick"
  },
  "close": {
    "type": "string",
    "description": "The closing price of the candlestick"
  },
  "pattern": {
    "type": "string",
    "default": "CDLDARKCLOUDCOVER",
    "description": "The name of the pattern to identify (default: CDLDARKCLOUDCOVER)"
  }
}

Detailed Parameters

• open: The opening price of the candlestick. (string)
• high: The highest price of the candlestick. (string)
• low: The lowest price of the candlestick. (string)
• close: The closing price of the candlestick. (string)
• pattern: The name of the pattern to identify. Default is CDLDARKCLOUDCOVER. (string, default: CDLDARKCLOUDCOVER)

Example Usage

To use the CDLDARKCLOUDCOVER worker, provide the required parameters in the following format:

{
  "open": "10.0",
  "high": "12.0",
  "low": "9.0",
  "close": "11.0",
  "pattern": "CDLDARKCLOUDCOVER"
}

The worker will return a boolean value indicating whether the Dark Cloud Cover pattern is present in the given candlestick data.