CDLXSIDEGAP3METHODS

Type: cdlxsidegap3methods • Category: indicators

Description

Upside/Downside Gap Three Methods

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	"CDLXSIDEGAP3METHODS"

Help

CDLXSIDEGAP3METHODS

Description

The CDLXSIDEGAP3METHODS worker is an indicator used in financial analysis to identify the Upside/Downside Gap Three Methods pattern. This pattern is a type of candlestick pattern that can indicate a potential continuation of an uptrend or downtrend.

What does this worker do?

The CDLXSIDEGAP3METHODS worker takes in a dataset of price data and identifies the Upside/Downside Gap Three Methods pattern. The worker uses the following parameters:

• dataExp: The prices data
• open: The column with opening prices
• high: The column with highest prices
• low: The column with lowest prices
• close: The column with closing prices
• pattern: No description

The worker then analyzes the price data to identify the Upside/Downside Gap Three Methods pattern and returns the results.

How to interpret the results

The Upside/Downside Gap Three Methods pattern is a bullish or bearish continuation pattern that consists of five candlesticks. The pattern is characterized by a gap between the first and second candlesticks, and between the fourth and fifth candlesticks.

• Upside Gap Three Methods: This pattern occurs during an uptrend and indicates a potential continuation of the uptrend. It is characterized by a gap between the first and second candlesticks, and between the fourth and fifth candlesticks. The second and third candlesticks are typically small-bodied and have a downward direction.
• Downside Gap Three Methods: This pattern occurs during a downtrend and indicates a potential continuation of the downtrend. It is characterized by a gap between the first and second candlesticks, and between the fourth and fifth candlesticks. The second and third candlesticks are typically small-bodied and have an upward direction.

Usage

To use the CDLXSIDEGAP3METHODS worker, simply pass in your price data and select the columns for opening, high, low, and closing prices.

Example

Here is an example of how to use the CDLXSIDEGAP3METHODS worker:

|  open  |  high  |   low  | close  |
|--------|--------|--------|--------|
|   10   |   12   |    9   |   11   |
|   11   |   11.5 |   10.5 |   11.2 |
|   11.2 |   11.3 |   11   |   11.1 |
|   11.1 |   12.5 |   11   |   12   |
|   12   |   13   |   12   |   12.5 |

Visual Example

For a visual example of how to use the CDLXSIDEGAP3METHODS worker, see 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 Upside/Downside Gap Three Methods pattern is a relatively rare pattern, but it can be a powerful indicator of a potential continuation of an uptrend or downtrend. It is typically used in conjunction with other forms of technical analysis, such as trend lines and moving averages.