IsDoji ( double bodyFactor );
Default values:
bodyFactor: 0.05
Description
Returns true if the current candle is Doji (i.e. its Close price and Open price are equal or almost the same) and false otherwise. Note that a candle is considered Doji if its body height does not exceed average body height multiplied by the specified factor. The average body height is calculated for a specified number of preceding candles.
Input parameters
| Parameter | Default value | Description |
|---|---|---|
| length | 20 | Defines period on which average body height is calculated. |
| factor | 0.05 | Defines factor by which the average body height is multiplied. |
Example
input length = 25;
def IsDoji = IsDoji(length);
plot ThreeDoji = IsDoji[2] and
IsDoji[1] and
IsDoji;
ThreeDoji.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
This example marks the last of three consecutive Doji candles. In this case, a candle will be considered Doji if its body height does not exceed 5% (default value) of the average body height calculated for last 25 candles.