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CDLDOJI

Type: cdldoji • Category: indicators

Description​

Doji

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLDOJI"

Help​

CDLDOJI

Description​

The CDLDOJI indicator is a candlestick pattern indicator used in financial analysis. It identifies a specific type of candlestick pattern known as a Doji.

What does this worker do?​

The CDLDOJI worker analyzes price data and identifies Doji patterns. A Doji is a type of candlestick pattern where the opening and closing prices are very close to each other, resulting in a small or non-existent body. This pattern is often seen as a sign of indecision in the market.

How to interpret the results​

When the CDLDOJI indicator identifies a Doji pattern, it can be interpreted as a sign of market indecision. This can lead to a potential reversal or a continuation of the current trend. The interpretation of the Doji pattern depends on the context in which it appears.

Usage​

To use the CDLDOJI indicator, simply pass in the required parameters:

  • dataExp: prices data
  • open: open prices
  • high: high prices
  • low: low prices
  • close: close prices
  • pattern: the type of pattern to identify (in this case, Doji)

Example Usage​

A visual example of how to use the CDLDOJI indicator can be seen in the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The Doji pattern is a significant candlestick pattern in Japanese candlestick charting. It is characterized by a small or non-existent body, indicating a lack of conviction in the market. The Doji pattern can appear at the top or bottom of a trend, or in the middle of a trend. When it appears at the top or bottom of a trend, it can be a sign of reversal. When it appears in the middle of a trend, it can be a sign of continuation.

Parameters​

The CDLDOJI indicator takes the following parameters:

  • dataExp: prices data
  • open: open prices
  • high: high prices
  • low: low prices
  • close: close prices
  • pattern: the type of pattern to identify (in this case, Doji)