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CDLLONGLEGGEDDOJI

Type: cdllongleggeddoji • Category: indicators

Description​

Long Legged Doji

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLLONGLEGGEDDOJI"

Help​

CDLLONGLEGGEDDOJI

Description​

The CDLLONGLEGGEDDOJI indicator is a candlestick pattern used in financial analysis to identify potential trading opportunities. It is characterized by a long-legged doji candlestick, which indicates a period of high volatility and indecision in the market.

What does this worker do?​

The CDLLONGLEGGEDDOJI worker analyzes price data and identifies instances of the long-legged doji candlestick pattern. It takes the following parameters:

  • dataExp: prices data
  • open: opening prices
  • high: highest prices
  • low: lowest prices
  • close: closing prices
  • pattern: the specific pattern to be identified (in this case, the long-legged doji)

How to interpret the results​

The long-legged doji candlestick pattern is a neutral pattern that can indicate a potential reversal or continuation of the current trend. Here are some possible interpretations:

  • If the pattern appears at the top of an uptrend, it may indicate a potential reversal or a pause in the uptrend.
  • If the pattern appears at the bottom of a downtrend, it may indicate a potential reversal or a pause in the downtrend.
  • If the pattern appears in the middle of a trend, it may indicate a continuation of the trend.

Additional Information​

The long-legged doji candlestick pattern is characterized by a small body and long wicks on both sides, indicating a high level of volatility and indecision in the market. This pattern can be used in conjunction with other technical and fundamental analysis tools to make more informed trading decisions.

Usage Example​

To use the CDLLONGLEGGEDDOJI worker, simply pass in the required parameters and the worker will analyze the price data and identify instances of the long-legged doji candlestick pattern.

How to use​

For more information on how to use this indicator, please see the following GIFs: [![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif) [![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

By following these steps and using the CDLLONGLEGGEDDOJI worker, you can incorporate the long-legged doji candlestick pattern into your technical analysis and potentially improve your trading decisions.