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CDLMATHOLD

Type: cdlmathold • Category: indicators

Description​

Mat Hold

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLMATHOLD"

Help​

CDLMATHOLD

Mat Hold​

Description​

The CDLMATHOLD indicator, also known as Mat Hold, is a candlestick pattern indicator used in financial analysis. It is designed to identify a specific pattern in the price action of a security.

What does this worker do?​

The CDLMATHOLD worker analyzes the price data of a security, specifically looking for the Mat Hold pattern. This pattern is a continuation pattern that indicates a potential continuation of the existing trend.

How to interpret the results​

The CDLMATHOLD indicator will plot a signal on the chart when it detects the Mat Hold pattern. The signal can be interpreted as follows:

  • A bullish signal is generated when the pattern is detected in an uptrend, indicating a potential continuation of the upward trend.
  • A bearish signal is generated when the pattern is detected in a downtrend, indicating a potential continuation of the downward trend.

Usage​

To use the CDLMATHOLD indicator, simply apply it to your chart and adjust the parameters as needed. The indicator will plot signals on the chart based on the Mat Hold pattern.

Parameters​

The CDLMATHOLD indicator has the following parameters:

  • dataExp: prices data
  • open: No description
  • high: No description
  • low: No description
  • close: No description
  • pattern: No description

Example​

For a visual representation of how to use the CDLMATHOLD indicator, please see the following GIFs:

Full GIF​

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

Short GIF​

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

Additional Information​

The Mat Hold pattern is a bullish continuation pattern that consists of five candlesticks. The pattern is characterized by a long bullish candlestick followed by a small bearish candlestick, and then three or more small bullish candlesticks. The pattern indicates a potential continuation of the upward trend.

It is essential to note that, like all technical indicators, the CDLMATHOLD indicator should be used in conjunction with other forms of analysis and not relied upon exclusively.