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CDLSPINNINGTOP

Type: cdlspinningtop • Category: indicators

Description​

Spinning Top

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLSPINNINGTOP"

Help​

CDLSPINNINGTOP

Description​

The CDLSPINNINGTOP indicator is a candlestick pattern used in financial analysis to identify a spinning top, which is a type of candlestick that indicates indecision in the market.

What does this worker do?​

This worker identifies the Spinning Top candlestick pattern in a given price data. The Spinning Top pattern is characterized by a small body and long wicks on both sides, indicating that the market is indecisive and that buyers and sellers are evenly matched.

How to interpret the results​

The Spinning Top pattern can be interpreted as a sign of market indecision, and it can be used in conjunction with other indicators to make trading decisions. Here are some possible interpretations:

  • When the Spinning Top pattern appears during an uptrend, it can be a sign of weakening buying pressure and a potential reversal.
  • When the Spinning Top pattern appears during a downtrend, it can be a sign of weakening selling pressure and a potential reversal.

Usage​

To use this worker, simply pass in your price data, including the open, high, low, and close prices.

Parameters​

  • dataExp: The price data to analyze.
  • open: The open price of the candlestick.
  • high: The high price of the candlestick.
  • low: The low price of the candlestick.
  • close: The close price of the candlestick.
  • pattern: The type of candlestick pattern to identify.

Example Usage​

To see an example of how to use this worker, you can view 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 Spinning Top pattern is a type of candlestick pattern that is used in technical analysis to identify potential trading opportunities. It is characterized by a small body and long wicks on both sides, indicating that the market is indecisive and that buyers and sellers are evenly matched. This pattern can be used in conjunction with other indicators to make trading decisions.