Description
Evening Doji Star is a bearish trend reversal candlestick pattern consisting of three candles.
The Evening Doji Star candlestick pattern is recognized if:
-
The first candle is long and bullish and continues the uptrend;
-
The second candle is Doji that gaps up from the first candle;
-
The third candle is bearish and closes below the first candle's midpoint.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long. 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 bars to check if the trend exists. |
Plots
| Plot | Description |
|---|---|
Bearish
|
The Evening Doji Star 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.