Description
Long Legged Doji is a trend reversal candlestick pattern which is a Doji candle of specific shape.
A trend reversal can be predicted if this Doji candle continues the trend and both shadows of this candle are long.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of candles used to calculate the average body height. If the body height of a candle is less than 5% of this average, it is considered a Doji candle. |
trend setup
|
The number of preceding candles to check if the trend exists. |
shadow factor
|
The factor used when checking the shadow length. A shadow is considered long if it exceeds the average body height multiplied by this factor. |
Plots
| Plot | Description |
|---|---|
Bearish
|
The bearish Long Legged Doji candlestick pattern. |
Bullish
|
The bullish Long Legged Doji candlestick pattern. |
For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.