CDLDOJISTAR

Type: cdldojistar • Category: indicators

Description

Doji Star

Parameters

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

Help

CDLDOJISTAR

Overview

The CDLDOJISTAR worker is an indicator used in financial markets to identify a specific candlestick pattern known as the Doji Star.

Description

The Doji Star pattern is a candlestick pattern that appears during a trend and indicates a potential reversal. It consists of two candles: the first candle has a long body, and the second candle is a doji (a candle with a very small or non-existent body), which indicates indecision in the market.

What does this worker do?

This worker analyzes the given candlestick data (open, high, low, close prices) to identify the Doji Star 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 Doji Star pattern is detected. A true value suggests that the pattern is present, which could be a signal for a potential trend reversal. However, this signal should be considered in conjunction with other forms of analysis and risk management techniques.

Parameters

The following parameters are required to use the CDLDOJISTAR worker:

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": "CDLDOJISTAR",
    "description": "The pattern to identify (defaults to CDLDOJISTAR)."
  }
}

Detailed Parameters List

• open: string - The open price of the candlestick.
• high: string - The high price of the candlestick.
• low: string - The low price of the candlestick.
• close: string - The close price of the candlestick.
• pattern: string (default: CDLDOJISTAR) - The pattern to identify. For this worker, it defaults to CDLDOJISTAR and does not need to be specified explicitly.

To use this worker, provide the required candlestick data (open, high, low, close prices) and optionally specify the pattern (though it defaults to CDLDOJISTAR). The worker will then analyze the data and return a boolean value indicating the presence of the Doji Star pattern.