Multi-Doji Strategy Indicator

Multi-Doji Strategy Indicator – Trend-Aligned Doji Retest Analysis

Overview

The Multi-Doji Strategy Indicator is an original TradingView tool designed to systematically analyze Doji candles within a defined market context. The indicator identifies multiple Doji variations, maps their structural price levels, and monitors retests of those levels in alignment with the prevailing trend.

Rather than treating Dojis as isolated reversal signals, the script focuses on Doji psychology, location, and follow-through. This approach allows traders to evaluate Doji-based continuation or reversal setups using repeatable, rule-based logic while maintaining a price-action–focused workflow.

Doji Detection Logic

The indicator detects four commonly used Doji types:

Standard Doji

Long-Legged Doji

Dragonfly Doji

Gravestone Doji

Users can define acceptable body size and wick proportions, allowing the script to filter insignificant candles and adapt to different instruments and timeframes.

For each validated Doji, the indicator:

Highlights the candle body for immediate visual reference

Projects upper and lower wick levels as potential reaction zones

These levels represent areas where supply or demand was previously rejected.

Trend Context

To reduce counter-trend signals, the indicator includes multiple trend evaluation methods:

Structural trend analysis based on swing highs and lows

Moving-average slope analysis

A hybrid mode requiring agreement between structure and moving averages

Trend sensitivity, swing parameters, and moving-average settings are fully adjustable, allowing traders to control how strict trend qualification must be before signals are considered.

Retest-Based Signal Logic

Once a Doji is confirmed and aligned with trend context, the indicator monitors price for controlled retracements:

In bullish conditions, it observes retests into the lower Doji wick zone

In bearish conditions, it observes retests into the upper Doji wick zone

When predefined retracement and validation conditions are met, the indicator marks the bar where the retest occurs. These signals are intended to highlight potential entry zones, not guaranteed outcomes.

Customization and Alerts

The indicator includes:

Optional visual markers for retest events

User-controlled colors, shapes, and visibility settings

Alert conditions for Doji retest signals, allowing monitoring without constant chart observation

Inputs are organized into logical sections for Doji detection, trend logic, and signal behavior to keep configuration clear and manageable.

Intended Use

The Multi-Doji Strategy Indicator is designed to support:

Doji-based continuation and reversal analysis

Trend-aligned trade filtering

Structured price-action decision-making

It is suitable for use across all major markets and timeframes, including stocks, forex, futures, and crypto.

Disclaimer

This indicator is intended for educational and analytical purposes only and does not constitute financial advice. Always apply proper risk management and confirm analysis with additional tools.