Skip to main content

CDLGRAVESTONEDOJI

Type: cdlgravestonedoji • Category: indicators

Description​

Gravestone Doji

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLGRAVESTONEDOJI"

Help​

CDLGRAVESTONEDOJI

Description​

The CDLGRAVESTONEDOJI indicator is a financial analysis tool used to identify a specific type of candlestick pattern known as the Gravestone Doji. This pattern is characterized by a small body at the lower end of a long upper shadow, with little to no lower shadow.

What does this worker do?​

The CDLGRAVESTONEDOJI worker analyzes price data and identifies occurrences of the Gravestone Doji pattern. It takes the following parameters:

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

How to interpret the results​

The Gravestone Doji pattern is a bearish reversal indicator. It suggests that the market is experiencing a loss of momentum and that a potential reversal may be imminent. The appearance of a Gravestone Doji pattern can be interpreted as a sign of:

  • Weakness in the current trend
  • Potential reversal of the current trend
  • Increased selling pressure

Usage​

To use the CDLGRAVESTONEDOJI indicator, simply pass in the required parameters and the indicator will identify occurrences of the Gravestone Doji pattern.

Example usage​

For an example of how to use the CDLGRAVESTONEDOJI indicator, 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 knowledge​

The Gravestone Doji pattern is a type of doji pattern, which is a candlestick pattern that forms when the opening and closing prices are very close or equal. The Gravestone Doji pattern is characterized by a long upper shadow and little to no lower shadow, indicating that the market is experiencing a loss of momentum and that sellers are gaining control.

It is essential to use the CDLGRAVESTONEDOJI indicator in conjunction with other technical and fundamental analysis tools to confirm trading decisions.