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Doji Signals with Wick Color

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This indicator identifies Doji candlestick patterns on the chart and highlights both the candle body and wicks in yellow for better visibility.

A Doji is defined as a candle where the body size is relatively small compared to the full range (high - low), indicating market indecision. You can adjust the maximum allowed body size as a percentage of the total candle range using the "Doji's Max Body Size" input.

The indicator works by:

Calculating the body size (abs(open - close))

Comparing it to a threshold (precision * (high - low))

Highlighting candles that meet the condition as Doji, coloring both the body and wick in yellow

This visual aid helps traders quickly spot potential reversal or pause areas in price action based on candlestick psychology.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.