OPEN-SOURCE SCRIPT

Doji Detector

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This script is designed to detect Doji candlesticks, which are characterized by a small body compared to the overall candle range. The script identifies a Doji when:
✔ The body size is smaller than 10% of the total candle range, OR
✔ The body size is less than 3 pips.

How It Works:

The script calculates the body size of each candle (absolute difference between the open and close price).
It then compares the body size with the total candle range (high - low).
If the body size is smaller than 10% of the candle range or less than 3 pips, the script marks it as a Doji.
How to Use It:

Apply the script to your TradingView chart.
It will highlight Doji candles automatically.
Suitable for traders using price action analysis to identify potential market reversals or indecision zones.
🚀 Best suited for: Forex, Stocks, and Crypto markets.
🔔 Optional: You can modify the conditions to fit your trading strategy.

Haftungsausschluss

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