MorningDojiStar

Description

Morning Doji Star is a bullish trend reversal candlestick pattern consisting of three candles.

The Morning Doji Star candlestick pattern is recognized if:

  • The first candle is long and bearish and continues the downtrend;

  • The second candle is Doji that gaps down from the first candle;

  • The third candle is bullish and closes above 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
Bullish The Morning 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.