Doji Modern Indicator

18 thg 5

Doji Patterns will be found based on 3 conditions -

1. Check if Open-close difference is a certain percentage of High-low difference
   
2. Check Upper & Lower wick sizes are greater than respective min threshold values
   
3. Check if the difference of Upper & Lower wick size is higher than the min threshold value
   

The threshold values are predetermined based on the timeframe selected for the chart

19 thg 9

Phát hành các Ghi chú

Doji candlesticks will be found based on 3 conditions -


Check if upper & lower wick size of each candlestick is greater than respective min wick size value

1. Check if Open-Close difference of each candlestick is above a certain percentage of High-Low difference
   
2. Check if upper & lower wick size of each candlestick is greater than min wick size
   
3. Check if the difference of Upper & Lower wick size of each candlestick is greater than the min difference value
   
   
4. The min values are fixed values which are predetermined based on the current timeframe
   

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5. You are allowed to change the percentage values of each parameter for Daily, Weekly & Monthly timeframe only
   
6. Whenever a doji is found box shape is drawn around that candlestick consisting of the doji & its previous & latter candlestick
   
7. Absolute value is derived by multiplying the parameter with the closing price of each candle on current timeframe dividing by 100
   
8. It does not give any bullish or bearish signal