OPEN-SOURCE SCRIPT

Doji Signals with Wick Color

391
This indicator identifies Doji candlestick patterns on the chart and highlights both the candle body and wicks in yellow for better visibility.

A Doji is defined as a candle where the body size is relatively small compared to the full range (high - low), indicating market indecision. You can adjust the maximum allowed body size as a percentage of the total candle range using the "Doji's Max Body Size" input.

The indicator works by:

Calculating the body size (abs(open - close))

Comparing it to a threshold (precision * (high - low))

Highlighting candles that meet the condition as Doji, coloring both the body and wick in yellow

This visual aid helps traders quickly spot potential reversal or pause areas in price action based on candlestick psychology.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.