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CDLMORNINGDOJISTAR

Type: cdlmorningdojistar • Category: indicators

Description​

Morning Doji Star

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLMORNINGDOJISTAR"

Help​

CDLMORNINGDOJISTAR

Description​

The CDLMORNINGDOJISTAR is an indicator used in financial analysis to identify a specific candlestick pattern, known as the Morning Doji Star. This pattern is considered a bullish reversal signal.

What does this worker do?​

The CDLMORNINGDOJISTAR worker analyzes price data to identify the Morning Doji Star pattern. It takes the following parameters:

  • dataExp: prices data
  • open: The opening price
  • high: The highest price
  • low: The lowest price
  • close: The closing price
  • pattern: The pattern to be identified

How to interpret the results​

The Morning Doji Star pattern is a three-candlestick pattern that appears at the bottom of a downtrend. It is characterized by:

  • A long bearish candlestick
  • A doji (a candlestick with a small body and long wicks)
  • A bullish candlestick that closes above the midpoint of the first candlestick

The appearance of the Morning Doji Star pattern suggests that the downtrend may be reversing, and a bullish trend may be emerging.

Knowledge about this indicator​

The Morning Doji Star pattern is considered a reliable bullish reversal signal, but it should be used in conjunction with other forms of analysis and risk management techniques. It is essential to consider the overall market context and other technical and fundamental analysis tools before making trading decisions.

Usage​

To use the CDLMORNINGDOJISTAR worker, simply pass in the required parameters, and it will analyze the price data to identify the Morning Doji Star pattern.

Example usage​

// Example code to use the CDLMORNINGDOJISTAR worker

Visualizing the Indicator​

For a better understanding of how to use the CDLMORNINGDOJISTAR worker, refer to 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)