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CDLRICKSHAWMAN

Type: cdlrickshawman • Category: indicators

Description​

Rickshaw Man

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLRICKSHAWMAN"

Help​

CDLRICKSHAWMAN

Description​

The CDLRICKSHAWMAN indicator, also known as Rickshaw Man, is a candlestick pattern indicator used in financial analysis. It identifies a specific pattern in price movements that resembles a rickshaw, hence the name.

What does this worker do?​

This worker analyzes the price data of a financial instrument, specifically looking for the Rickshaw Man pattern. The Rickshaw Man pattern is characterized by a small body with long upper and lower shadows, similar to a rickshaw. The indicator helps traders identify this pattern in the price chart.

How to interpret the results​

When the CDLRICKSHAWMAN indicator identifies a Rickshaw Man pattern, it may indicate a potential reversal or a pause in the current trend. The pattern suggests that the market is uncertain, and a change in direction may occur. Traders can use this information to make informed decisions about buying or selling a financial instrument.

Usage​

To use the CDLRICKSHAWMAN indicator, simply apply it to your price chart and adjust the parameters as needed. The indicator will identify the Rickshaw Man pattern and display it on the chart.

Parameters​

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

Visualizing the Indicator​

For a better understanding of how to use the CDLRICKSHAWMAN indicator, refer to the following images:

Full Indicator Usage​

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

Short Indicator Usage​

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

Additional Information​

The Rickshaw Man pattern is a relatively rare occurrence, but it can be a valuable tool for traders. It is essential to combine this indicator with other forms of analysis and risk management techniques to maximize its effectiveness.