CDLHANGINGMAN

Type: cdlhangingman • Category: indicators

Description

Hanging Man

Parameters

Name	Type	Description	Required	Default
dataExp	string	prices data	no
open	string		no
high	string		no
low	string		no
close	string		no
pattern	string		no	"CDLHANGINGMAN"

Help

CDLHANGINGMAN

Description

The CDLHANGINGMAN indicator is a candlestick pattern used in financial analysis to identify potential trend reversals. It is characterized by a small body and a long lower shadow, with little to no upper shadow.

What does this worker do?

The CDLHANGINGMAN worker analyzes price data and identifies instances of the Hanging Man candlestick pattern. This pattern is typically seen as a bearish reversal signal, indicating that a potential downtrend may be emerging.

How to interpret the results

When the CDLHANGINGMAN indicator is triggered, it suggests that the market sentiment is shifting from bullish to bearish. This can be a signal for traders to consider selling or taking a short position. However, it's essential to consider this signal in conjunction with other forms of analysis and risk management techniques.

Usage

To use the CDLHANGINGMAN indicator, simply pass in the required price data, including:

• dataExp: prices data
• open: opening prices
• high: high prices
• low: low prices
• close: closing prices
• pattern: the CDLHANGINGMAN pattern

A detailed example of how to use the indicator can be seen in the following animation:

Detailed Usage Example

Quick Usage Example

Additional Information

The Hanging Man pattern is a type of candlestick pattern that can be used to identify potential reversals in the market. It is essential to note that no indicator is foolproof, and the CDLHANGINGMAN should be used in conjunction with other forms of analysis and risk management techniques to maximize its effectiveness.

Parameters

Parameter	Description
dataExp	prices data
open	No description
high	No description
low	No description
close	No description
pattern	No description