OPEN-SOURCE SCRIPT
Doji Downside Pointer
A Doji candle is a distinct technical analysis chart pattern that forms when a security's opening and closing prices are virtually equal, resulting in a cross-like shape that signals market indecision.
Locate the Trend: Find a clear upward or downward trend.Spot the Doji: Wait for the candle body to flatten.Confirm the Signal: Look at the very next candlestick.Manage Your Risk: Place stop-losses beyond the Doji wicks.
for educational purposes only
Locate the Trend: Find a clear upward or downward trend.Spot the Doji: Wait for the candle body to flatten.Confirm the Signal: Look at the very next candlestick.Manage Your Risk: Place stop-losses beyond the Doji wicks.
for educational purposes only
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.