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CDLDRAGONFLYDOJI

Type: cdldragonflydoji • Category: indicators

Description​

Dragonfly Doji

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLDRAGONFLYDOJI"

Help​

CDLDRAGONFLYDOJI

Description​

The CDLDRAGONFLYDOJI is a candlestick pattern indicator used in financial analysis. It identifies the Dragonfly Doji pattern, which is a specific type of candlestick formation.

What does this worker do?​

This worker analyzes price data to identify the Dragonfly Doji pattern. The Dragonfly Doji is a candlestick pattern characterized by a small body at the upper end of a candle, with a long lower wick and no upper wick. This pattern is often seen as a potential reversal signal.

How to interpret the results​

When the CDLDRAGONFLYDOJI indicator identifies a Dragonfly Doji pattern, it may indicate a potential reversal in the market trend. A Dragonfly Doji is considered a bullish reversal pattern, suggesting that the market may be shifting from a downward trend to an upward trend.

Usage​

The following parameters can be used to configure the CDLDRAGONFLYDOJI indicator:

  • dataExp: prices data
  • open: No description
  • high: No description
  • low: No description
  • close: No description
  • pattern: No description

Example Usage​

To use the CDLDRAGONFLYDOJI indicator, simply pass in the required price data and configure the parameters as needed.

Visualizing the Indicator​

For a visual representation of how to use the CDLDRAGONFLYDOJI indicator, see the following GIFs:

Full GIF​

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

Short GIF​

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

Additional Information​

The Dragonfly Doji pattern is a type of candlestick pattern that is often used in technical analysis. It is characterized by a small body and a long lower wick, with no upper wick. This pattern is considered a bullish reversal pattern, indicating a potential shift from a downward trend to an upward trend. However, as with any technical indicator, it should be used in conjunction with other forms of analysis and risk management techniques to ensure accurate and informed trading decisions.