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CDLHIKKAKE

Type: cdlhikkake • Category: indicators

Description​

Hikkake Pattern

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLHIKKAKE"

Help​

CDLHIKKAKE

Hikkake Pattern​

Description​

The CDLHIKKAKE indicator is a financial analysis tool used to identify the Hikkake pattern, a type of candlestick pattern used in technical analysis.

What does this worker do?​

The CDLHIKKAKE worker analyzes price data to detect the Hikkake pattern, which is a reversal pattern that can indicate a change in market direction. The worker takes in the following parameters:

  • dataExp: prices data
  • open: opening prices
  • high: highest prices
  • low: lowest prices
  • close: closing prices
  • pattern: the type of pattern to detect

How to interpret the results​

The CDLHIKKAKE worker returns a signal when a Hikkake pattern is detected. The signal can be used to inform trading decisions.

About the Hikkake Pattern​

The Hikkake pattern is a Japanese candlestick pattern that is used to identify potential reversals in the market. It is characterized by a small body and long wicks on both sides, indicating indecision in the market. The pattern can be either bullish or bearish, depending on the direction of the reversal.

Usage​

To use the CDLHIKKAKE worker, simply pass in the required parameters and the worker will return a signal when a Hikkake pattern is detected.

Visualizing the Hikkake Pattern​

The Hikkake pattern can be visualized using the following images:

Full Animation​

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

Short Animation​

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

Example Use Case​

The CDLHIKKAKE worker can be used in a trading strategy to identify potential reversals in the market. For example, a trader could use the worker to generate a buy signal when a bullish Hikkake pattern is detected, and a sell signal when a bearish Hikkake pattern is detected.