CDLTHRUSTING
Type:
cdlthrusting• Category:indicators
Description
Thrusting Pattern
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | prices data | no | |
open | string | select the column with opening prices | no | |
high | string | select the column with highest prices | no | |
low | string | select the column with lowest prices | no | |
close | string | select the column with closing prices | no | |
pattern | string | no | "CDLTHRUSTING" |
Help
CDLTHRUSTING
Thrusting Pattern
Description
The CDLTHRUSTING worker is an indicator used in financial analysis to identify a specific candlestick pattern known as the Thrusting pattern. This pattern is considered a continuation pattern and is used to predict the future direction of a stock's price.
The Thrusting pattern is a two-candlestick pattern that occurs during a downtrend. It is characterized by a bearish candle followed by a bullish candle that closes above the midpoint of the previous candle. This pattern indicates that the selling pressure is weakening, and buyers are starting to gain control.
What does this worker do?
The CDLTHRUSTING worker takes in a dataset of price information and identifies the Thrusting pattern. It does this by analyzing the opening, high, low, and closing prices of each candlestick.
Parameters
The CDLTHRUSTING worker takes the following parameters:
dataExp: The prices dataopen: The column with opening priceshigh: The column with highest priceslow: The column with lowest pricesclose: The column with closing pricespattern: No description
How to Interpret the Results
When the CDLTHRUSTING worker identifies a Thrusting pattern, it can be interpreted as a bullish signal. This indicates that the stock's price is likely to continue rising. However, as with any technical indicator, it should be used in conjunction with other forms of analysis and not relied upon exclusively.
Example Usage
To use the CDLTHRUSTING worker, simply pass in your price data and specify the columns for the opening, high, low, and closing prices.
Visualizing the Indicator
For a visual representation of how to use the CDLTHRUSTING indicator, see the following gifs:
Full Gif
Short Gif
Additional Information
The Thrusting pattern is a relatively rare pattern, and its effectiveness can vary depending on the market and timeframe being analyzed. It is essential to backtest and validate any trading strategy that incorporates the CDLTHRUSTING indicator to ensure its reliability.