CDLENGULFING

Type: cdlengulfing • Category: indicators

Description

Engulfing Pattern

Parameters

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

Help

CDLENGULFING

Overview

The CDLENGULFING worker is an indicator used in financial markets to identify the Engulfing Pattern, a significant candlestick pattern that can signal a potential reversal in market trends.

Description

The Engulfing Pattern is a two-candlestick pattern that can be either bullish or bearish. A bullish engulfing pattern occurs when a small bearish candle is followed by a large bullish candle that completely engulfs the previous candle. Conversely, a bearish engulfing pattern occurs when a small bullish candle is followed by a large bearish candle that engulfs the previous candle.

What does this worker do?

This worker analyzes the given candlestick data and identifies occurrences of the Engulfing Pattern. It returns a signal indicating whether a bullish or bearish engulfing pattern has been detected.

How to interpret the results

The worker returns a value that indicates the type of engulfing pattern detected:

• A positive value typically indicates a bullish engulfing pattern.
• A negative value typically indicates a bearish engulfing pattern.

Parameters

The following parameters are required to configure the CDLENGULFING 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": "CDLENGULFING",
    "description": "The type of pattern to detect (default is CDLENGULFING)."
  }
}

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: CDLENGULFING) - The type of pattern to detect. For this worker, the default value is CDLENGULFING, which is the only supported pattern.