CDLINVERTEDHAMMER

Type: cdlinvertedhammer • Category: indicators

Description

Inverted Hammer

Parameters

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

Help

CDLINVERTEDHAMMER

Overview

The CDLINVERTEDHAMMER worker is an indicator used in financial markets to identify the Inverted Hammer candlestick pattern.

Description

The Inverted Hammer is a bullish reversal candlestick pattern that forms during a downtrend. It is characterized by a small body at the top of the candle and a long lower wick.

What does this worker do?

This worker takes in candlestick data (open, high, low, close) and returns an indication of whether the Inverted Hammer pattern is present.

How to interpret the results

The worker returns a value indicating the presence of the Inverted Hammer pattern. A positive result indicates that the pattern is present, suggesting a potential bullish reversal.

Parameters

The following parameters are required to use the CDLINVERTEDHAMMER worker:

Parameter	Type	Description	Default Value
open	string	The opening price of the candlestick	-
high	string	The highest price of the candlestick	-
low	string	The lowest price of the candlestick	-
close	string	The closing price of the candlestick	-
pattern	string	The name of the pattern to identify (default: CDLINVERTEDHAMMER)	CDLINVERTEDHAMMER

Parameters Schema (JSON)

{
  "open": {
    "type": "string"
  },
  "high": {
    "type": "string"
  },
  "low": {
    "type": "string"
  },
  "close": {
    "type": "string"
  },
  "pattern": {
    "type": "string",
    "default": "CDLINVERTEDHAMMER"
  }
}

Example Usage

To use the CDLINVERTEDHAMMER worker, provide the required parameters in the following format:

{
  "open": "10.0",
  "high": "12.0",
  "low": "9.0",
  "close": "11.5",
  "pattern": "CDLINVERTEDHAMMER"
}