C_ Doji (ShowMe)
Disclaimer
Doji
Doji is defined as:
-
The body of the candle is very small; the close is equal or almost equal to the open by some percent of the range of the bar. Seen as a cross on the chart.
Input Information
| Name | Default | Description |
| PlotPrice | Close | Price at which the marker is to be plotted. |
| Percent | 5 | Doji threshold for the (open - close) as a percent of the range of the bar |
| CountOccurBars | 5 | The number of bars over which to count the number of occurances. |
Description
Doji patterns can be some of the most important individual patterns when used with other candlestick patterns. Interpretation of the doji pattern can be complex. See the reference listed below and other texts on Japanese candlestick patterns to gain a better understanding of the various ways in which the doji pattern can be interpreted.
Plots
Doji plots on the specified PlotPrice when true for the current bar.
Reference
Morris, Gregory L. (1992). Candlepower: Advanced Candlestick Pattern Recognition and Filtering Techniques for Trading Stocks and Futures. Chicago: Probus Publishing Company.