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Description |
A Doji is a candlestick with identical (or nearly identical) open and close prices. |
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Formula |
DojiStar(INPUT, CentsDifference=.02)=begin retval = NONUM targetBar = 0 pOpen = GetPrice($1, BATE_OPEN, targetBar, 0) pClose = GetPrice($1, BATE_CLOSE, targetBar, 0) pDiff = abs(pOpen - pClose) if pDiff <= CentsDifference then begin retval = '2'|clr_white|above|vertical|ftiny|arrow if StarForm($1, targetBar) then retval = 'S'|clr_white|above|vertical|ftiny|arrow end retval end |
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Parameters |
INPUT The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.
CentsDifference Since stocks and many other instruments rarely have identical openings and closings, the CentsDifference parameter provides a way to include candlesticks that are nearly satisfactory. The default is .02. |
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Return Value |
The string plot for DojiStar is the abbreviation "S" rendered in white and plotted above the candlestick. |
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Examples |
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Comments |
This overlay uses a dollar amount (typically some fraction of a dollar) to determine whether a candlestick is a Doji. If the difference between the Open and Close prices is less than the dollar amount given by this parameter, the candlestick is Doji. See Doji for another method of making this determination. |
©2008 Aspen Research Group, Ltd. All rights reserved. Terms of Use.
