Skip to main content

CDLHIKKAKEMOD

Type: cdlhikkakemod • Category: indicators

Description​

Modified Hikkake

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLHIKKAKEMOD"

Help​

CDLHIKKAKEMOD

Modified Hikkake​

Description​

The CDLHIKKAKEMOD is an indicator worker used in financial analysis to identify potential trend reversals or continuations. It is a modified version of the Hikkake pattern, which is a Japanese candlestick pattern.

What does this worker do?​

The CDLHIKKAKEMOD worker analyzes the prices data, specifically the open, high, low, and close prices, to identify the Modified Hikkake pattern. This pattern is used to determine the potential direction of the market.

How to interpret the results​

The CDLHIKKAKEMOD indicator returns a value that indicates the presence or absence of the Modified Hikkake pattern. A positive value indicates a bullish pattern, while a negative value indicates a bearish pattern.

Parameters​

The CDLHIKKAKEMOD worker takes the following parameters:

  • dataExp: prices data
  • open: open prices
  • high: high prices
  • low: low prices
  • close: close prices
  • pattern: the pattern to be identified (in this case, the Modified Hikkake pattern)

Usage​

To use the CDLHIKKAKEMOD worker, simply pass in the required parameters. The worker will then return a value indicating the presence or absence of the Modified Hikkake pattern.

Interpretation of the pattern​

The Modified Hikkake pattern is a complex pattern that requires a good understanding of candlestick analysis. In general, the pattern is considered bullish if it appears at the bottom of a downtrend, and bearish if it appears at the top of an uptrend.

Visualizing the pattern​

The following images illustrate how to use the CDLHIKKAKEMOD worker:

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)

Additional Information​

The Hikkake pattern is a Japanese candlestick pattern that is used to identify potential trend reversals or continuations. The pattern is characterized by a small body and long wicks, and is often seen as a sign of indecision in the market. The Modified Hikkake pattern is a variation of this pattern that is used to improve the accuracy of the signal.