CDLUNIQUE3RIVER
Type:
cdlunique3river• Category:indicators
Description
Unique 3 River
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 | "CDLUNIQUE3RIVER" |
Help
CDLUNIQUE3RIVER
Description
The CDLUNIQUE3RIVER indicator, also known as Unique 3 River, is a technical analysis tool used in financial markets. It is designed to identify specific patterns in price movements.
What does this worker do?
This worker implements the CDLUNIQUE3RIVER indicator, which analyzes the price data of a financial instrument and generates signals based on the Unique 3 River pattern.
How to interpret the results
The Unique 3 River pattern is a complex pattern that involves the relationship between the opening, high, low, and closing prices of a financial instrument over a specific period. The pattern consists of three distinct rivers or price movements that can indicate a potential reversal or continuation of the trend.
Usage
To use this worker, you need to provide the following parameters:
dataExp: The price data of the financial instrument.open: The column name of the opening prices.high: The column name of the highest prices.low: The column name of the lowest prices.close: The column name of the closing prices.pattern: No description available.
Interpretation of the Indicator
The CDLUNIQUE3RIVER indicator generates signals based on the Unique 3 River pattern. A bullish signal is generated when the pattern indicates a potential upward movement, while a bearish signal is generated when the pattern indicates a potential downward movement.
Visual Representation
For a better understanding of how to use this indicator, please refer to the following images:
Full GIF
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)
Short GIF
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)
Additional Information
The Unique 3 River pattern is a lesser-known indicator, and its effectiveness may vary depending on the market conditions and the specific financial instrument being analyzed. It is essential to combine this indicator with other technical and fundamental analysis tools to make informed trading decisions.
Example Use Case
This worker can be used in a trading strategy to identify potential trading opportunities based on the Unique 3 River pattern. For example, a trader can use this worker to analyze the price data of a stock and generate signals when the pattern indicates a potential upward or downward movement.