C Doji

Definition

The C_Doji indicator identifies the occurrence of a Doji candlestick pattern and marks the bars with Doji pattern.

A doji is a name for a session in which the candlestick for a security has an open and close that are virtually equal and are often components in patterns.

Doji are commonly seen in periods of consolidation and can help analysts identify potential price breakouts. This pattern tends to look like a cross or plus sign and has small or nonexistent bodies. From an auction theory perspective, Doji represent indecision on the side of both buyers and sellers.

Default Inputs

Percent sets the pattern boundaries for the (open - close) as a percent of the bar range, 5 by default.