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Indicator · Pine Script v5 · On the chart
Doji (Candlestick Pattern)
This indicator detects and highlights Doji candlestick patterns directly on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code23
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago9 Aug 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
23 lines of Pine Script v5 from candlesticks/doji.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © AugustoErni
//@version=5
indicator("Doji (Candlestick Pattern)", overlay=true)
dojiThreshold = input.float(defval=0.0007, title='Doji body size threshold (as a fraction of the price). (0.0007 = 0.07%).', step=0.0001)
showBullishDoji = input.bool(defval=true, title='Show bullish doji.', tooltip='Show or hide the bullish doji.')
showBearishDoji = input.bool(defval=true, title='Show bearish doji.', tooltip='Show or hide the bearish doji.')
isBullishCandle = close > open
isBearishCandle = close < open
isDoji = math.abs(close - open) <= (dojiThreshold * close)
isDojiBullish = isDoji and isBullishCandle
isDojiBearish = isDoji and isBearishCandle
barcolor(isDojiBullish ? color.white : isDojiBearish ? color.black : na)
plotshape(isDojiBullish and showBullishDoji, title="Doji", style=shape.arrowup, location=location.belowbar, color=color.rgb(255, 255, 255), text="Doji", textcolor=color.green)
plotshape(isDojiBearish and showBearishDoji, title="Doji", style=shape.arrowdown, location=location.abovebar, color=color.rgb(0, 0, 0), text="Doji", textcolor=color.red)
Overview
Doji (Candlestick Pattern) checks whether the absolute difference between the candle's open and close prices falls below a user-defined threshold relative to the closing price. The script differentiates between bullish and bearish Dojis, coloring the corresponding bars white or black and plotting directional arrow shapes with labels. Inputs allow users to adjust the body size threshold and toggle display for bullish or bearish occurrences.
- Doji candlestick pattern identification
- Adjustable candle body size threshold
- Directional bullish and bearish arrow markers
- Custom candle bar coloring
Details
Published by
augustoerni on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Doji body size threshold (as a fraction of the price). (0.0007 = 0.07%). | float | 0.0007 | dojiThreshold |
| Show bullish doji. | bool | true | showBullishDoji |
| Show bearish doji. | bool | true | showBearishDoji |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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