Rickshaw Man (CDLRICKSHAWMAN)

Summary

Single-candle doji with two long shadows whose body sits near the midpoint of the high-low range. It is a neutral indecision signal, not a directional (bullish/bearish) reversal. A hit marks market indecision/uncertainty; neutral, neither bullish nor bearish.

Notes

Bulkowski's verdict: "The rickshaw man candle may look pretty on the chart but it has no investment implications that I have been able to find" — his testing shows it continues only 51% of the time, statistically random. (thepatternsite.com)

Inputs

inOpen — Open price of each bar
inHigh — High price of each bar
inLow — Low price of each bar
inClose — Close price of each bar

Outputs

outInteger — +100 when the pattern is present, 0 otherwise. Never -100; the code notes the positive value does NOT imply bullish, it signals uncertainty

Output Values

Value	Meaning
0	No pattern
100	Rickshaw Man detected — neutral indecision signal, not a directional (bullish/bearish) bias

Properties

Numerical Stability: Start-Independent


☐ Overlap Input
✅ Independent Y-Axis i
✅ Candlestick i
☐ Can Output NaN or ±Inf
☐ Identity at Period 1

Implementation

TA-Lib Definition: cdlrickshawman.c · cdlrickshawman.yaml

Native	File
C	`ta_CDLRICKSHAWMAN.c`
Rust	`cdlrickshawman.rs`
Java	`Core_CDLRICKSHAWMAN.java`

TA-Lib is also available for Python, R and more using a wrapper.

Aliases

Rickshaw Man