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CDLGAPSIDESIDEWHITE

Type: cdlgapsidesidewhite • Category: indicators

Description​

Up/Down-gap side-by-side white lines

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLGAPSIDESIDEWHITE"

Help​

CDLGAPSIDESIDEWHITE

Description​

The CDLGAPSIDESIDEWHITE indicator is a financial analysis tool used to identify specific candlestick patterns, particularly the Up/Down-gap side-by-side white lines pattern.

What does this worker do?​

This worker analyzes price data to detect the Up/Down-gap side-by-side white lines pattern, which is a type of candlestick pattern used in technical analysis. The pattern consists of two white (or green) candlesticks that occur on consecutive trading days, with a gap between them.

How to interpret the results​

The Up/Down-gap side-by-side white lines pattern can be interpreted as a bullish or bearish signal, depending on the direction of the gap.

  • Up-gap side-by-side white lines: This pattern occurs when there is a gap up between the two white candlesticks. It is considered a bullish signal, indicating that the price is likely to continue rising.
  • Down-gap side-by-side white lines: This pattern occurs when there is a gap down between the two white candlesticks. It is considered a bearish signal, indicating that the price is likely to continue falling.

Usage​

To use this indicator, simply pass in your price data, including the open, high, low, and close prices.

Parameters​

  • dataExp: The price data to analyze.
  • open: The opening price.
  • high: The highest price.
  • low: The lowest price.
  • close: The closing price.
  • pattern: The type of pattern to detect (in this case, the Up/Down-gap side-by-side white lines pattern).

Visualizing the Indicator​

For a visual representation of how to use this 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 CDLGAPSIDESIDEWHITE indicator is a type of candlestick pattern indicator, which is used in technical analysis to predict future price movements. Candlestick patterns can be used to identify trends, reversals, and other market dynamics. The Up/Down-gap side-by-side white lines pattern is a relatively rare pattern, but it can be a powerful tool for traders and investors looking to gain an edge in the markets.