CDLSEPARATINGLINES
Type:
cdlseparatinglines• Category:indicators
Description
Separating Lines
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | prices data | no | |
open | string | no | ||
high | string | no | ||
low | string | no | ||
close | string | no | ||
pattern | string | no | "CDLSEPARATINGLINES" |
Help
CDLSEPARATINGLINES
Description
The CDLSEPARATINGLINES indicator is a financial analysis tool used to identify specific patterns in price movements. It is classified under the category of candlestick pattern indicators.
What does this worker do?
The CDLSEPARATINGLINES worker analyzes the given price data, specifically looking for instances where two consecutive candlesticks have a specific relationship that can indicate a potential change in the market trend. This indicator is particularly focused on identifying separating lines patterns.
How to Interpret the Results
The results from the CDLSEPARATINGLINES worker can be interpreted as follows:
- Bullish Separating Lines: When the indicator identifies a bullish separating lines pattern, it suggests that the market might be experiencing a bullish reversal. This pattern occurs when a long bullish candle follows a long bearish candle, with the bullish candle completely engulfing the previous candle's body but having the same close as the previous candle's close. However, the specific definition might slightly vary based on the implementation.
- Bearish Separating Lines: Conversely, a bearish separating lines pattern indicates a potential bearish reversal.
Usage and Example
For a practical example of how to use the CDLSEPARATINGLINES indicator, you can refer to the following GIFs:
Detailed Usage Example
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)
Short Usage Example
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)
Parameters
The CDLSEPARATINGLINES worker accepts the following parameters:
- dataExp: The price data to be analyzed.
- open: The opening prices.
- high: The highest prices.
- low: The lowest prices.
- close: The closing prices.
- pattern: The specific pattern to look for (in this case, separating lines).
Additional Knowledge
The Separating Lines pattern is one of the candlestick patterns identified in financial markets. It is considered a reversal pattern and can be used in conjunction with other technical and fundamental analysis tools to make more informed trading decisions. The effectiveness of the CDLSEPARATINGLINES indicator, like any technical analysis tool, depends on the context in which it is used and the specific market conditions.