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CDLEVENINGDOJISTAR

Type: cdleveningdojistar • Category: indicators

Description​

Evening Doji Star

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLEVENINGDOJISTAR"

Help​

CDLEVENINGDOJISTAR

Evening Doji Star​

Description​

The CDLEVENINGDOJISTAR is a candlestick pattern indicator used in financial analysis. It is a three-candlestick pattern that signals a potential reversal in the market trend.

What does this worker do?​

This worker identifies the Evening Doji Star pattern in a given price data set. The pattern consists of:

  1. A long bullish candle (first candle)
  2. A doji candle (second candle) with a small body and long wicks, indicating indecision in the market
  3. A long bearish candle (third candle) that closes below the midpoint of the first candle

The worker analyzes the price data and returns the following information:

  • open: The opening price of the pattern
  • high: The highest price of the pattern
  • low: The lowest price of the pattern
  • close: The closing price of the pattern
  • pattern: The identified pattern (CDLEVENINGDOJISTAR)

How to interpret the results​

The Evening Doji Star pattern is considered a bearish reversal pattern. When this pattern appears at the top of an uptrend, it can signal a potential reversal in the market trend. The appearance of this pattern suggests that the market is losing momentum and that a downturn may be imminent.

Usage​

To use this worker, simply pass in your price data as the dataExp parameter. The worker will analyze the data and return the results.

Example​

For a visual example of how to use this indicator, please see the following gifs:

Full Example​

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

Short Example​

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

Additional Information​

The Evening Doji Star pattern is considered a relatively rare pattern, but it can be a powerful indicator of a potential market reversal. As with any technical analysis tool, it should be used in conjunction with other forms of analysis and risk management techniques to maximize its effectiveness.