Doji

See Also...

Related Topics

 

 

Description

A Doji is a candlestick with identical (or nearly identical) open and close prices.

 

 

Formula

Doji(INPUT, RealBodyPercentage=10)=begin

  retval = NONUM

  targetBar = 0

  if DojiForm($1,targetBar,RealBodyPercentage)==TRUE then begin
retval='D'|clr_gray|arrow|above|vertical|ftiny

  end

  retval

end

 

 

Parameters

INPUT

The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.

 

RealBodyPercentage

The RealBodyPercentage parameter represents a percentage. This parameter serves as the basis for determining whether a candlestick is Doji or near Doji. The smaller the value assigned to RealBodyPercentage the more stringent the test. The default is 15, or fifteen percent.

 

 

Return Value

The string plot for a Doji is the abbreviation "D" rendered in gray and plotted above the candlestick.

 

 

Examples

 

 

Comments

This overlay uses a ratio between the high low range and the real body length to determine whether a candlestick is a Doji. See DojiStar for another method of making this determination.

 

©2008 Aspen Research Group, Ltd. All rights reserved. Terms of Use.