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CDLSTICKSANDWICH

Type: cdlsticksandswich • Category: indicators

Description​

Stick Sandwich

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLSTICKSANDWICH"

Help​

CDLSTICKSANDWICH

Description​

The CDLSTICKSANDWICH indicator, also known as Stick Sandwich, is a candlestick pattern used in financial analysis to predict potential trend reversals.

What does this worker do?​

The CDLSTICKSANDWICH worker identifies a specific candlestick pattern in a given price data set. This pattern consists of three consecutive candlesticks with a specific formation:

  • The first candlestick has a bearish body (i.e., close < open).
  • The second candlestick has a small body and overlaps with the first candlestick.
  • The third candlestick has a bullish body (i.e., close > open) and closes above the midpoint of the first candlestick.

How to interpret the results​

When the CDLSTICKSANDWICH pattern is identified, it may indicate a potential bullish reversal in the market. This pattern suggests that the bears are losing control, and the bulls are gaining strength.

Usage​

To use the CDLSTICKSANDWICH indicator, simply pass your price data to the worker. The worker will then identify and mark the occurrences of the Stick Sandwich pattern.

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 the CDLSTICKSANDWICH indicator, refer to 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 Stick Sandwich pattern is a relatively rare occurrence, but it can be a reliable indicator of a potential trend reversal. As with any technical analysis tool, it should be used in conjunction with other indicators and risk management strategies to maximize its effectiveness.