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How do pattern recognition indicators work and how to use them efficiently

Understanding Responses from Pattern Recognition Indicators

Updated over 6 months ago

When you call pattern recognition indicators (e.g., Doji), the response is a numerical value representing the likelihood of that pattern being present in a given candle.

Responses:

  • 100: The pattern is found at this candle.

  • 0: The pattern is NOT found at this candle.

  • -100: bearish variation of the pattern is found at this candle (note: not all patterns have bearish variations).

  • 80 (or any other value): The pattern is found, but with partial accuracy (e.g., 80% match to the perfect form).

Best practices:

For effective use of pattern recognition indicators, it’s recommended to scan multiple past candles using the results parameter. This allows you to identify where the pattern has appeared in a given timeframe.

Example query

The following example demonstrates how to search for a Doji pattern across the last 20 hourly candles using the results=20 parameter:

https://api.taapi.io/doji?secret=APIKEY&symbol=BTC%2FUSDT&interval=1h&exchange=binance&results=20

Response example

This will return a response like clearly showing when did the doji pattern appear:

Tip: Use the addResultTimestamp=true parameter to include a timestamp with each result, making it easy to identify when the pattern occurred.

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