//@version=5
indicator("Doji Star - Bullish", shorttitle = "Doji Star - Bull", overlay=true)
C_DownTrend = true
C_UpTrend = true
var trendRule1 = "SMA50"
var trendRule2 = "SMA50, SMA200"
var trendRule = input.string(trendRule1, "Detect Trend Based On", options=[trendRule1, trendRule2, "No detection"])
if trendRule == trendRule1
priceAvg = ta.sma(close, 50)
C_DownTrend := close < priceAvg
C_UpTrend := close > priceAvg
if trendRule == trendRule2
sma200 = ta.sma(close, 200)
sma50 = ta.sma(close, 50)
C_DownTrend := close < sma50 and sma50 < sma200
C_UpTrend := close > sma50 and sma50 > sma200
C_Len = 14 // ta.ema depth for bodyAvg
C_ShadowPercent = 5.0 // size of shadows
C_ShadowEqualsPercent = 100.0
C_DojiBodyPercent = 5.0
C_Factor = 2.0 // shows the number of times the shadow dominates the candlestick body
C_BodyHi = math.max(close, open)
C_BodyLo = math.min(close, open)
C_Body = C_BodyHi - C_BodyLo
C_BodyAvg = ta.ema(C_Body, C_Len)
C_SmallBody = C_Body < C_BodyAvg
C_LongBody = C_Body > C_BodyAvg
C_UpShadow = high - C_BodyHi
C_DnShadow = C_BodyLo - low
C_HasUpShadow = C_UpShadow > C_ShadowPercent / 100 * C_Body
C_HasDnShadow = C_DnShadow > C_ShadowPercent / 100 * C_Body
C_WhiteBody = open < close
C_BlackBody = open > close
C_Range = high-low
C_IsInsideBar = C_BodyHi[1] > C_BodyHi and C_BodyLo[1] < C_BodyLo
C_BodyMiddle = C_Body / 2 + C_BodyLo
C_ShadowEquals = C_UpShadow == C_DnShadow or (math.abs(C_UpShadow - C_DnShadow) / C_DnShadow * 100) < C_ShadowEqualsPercent and (math.abs(C_DnShadow - C_UpShadow) / C_UpShadow * 100) < C_ShadowEqualsPercent
C_IsDojiBody = C_Range > 0 and C_Body <= C_Range * C_DojiBodyPercent / 100
C_Doji = C_IsDojiBody and C_ShadowEquals
patternLabelPosLow = low - (ta.atr(30) * 0.6)
patternLabelPosHigh = high + (ta.atr(30) * 0.6)
label_color_bullish = input(color.blue, "Label Color Bullish")
C_DojiStarBullishNumberOfCandles = 2
C_DojiStarBullish = false
if C_DownTrend and C_BlackBody[1] and C_LongBody[1] and C_IsDojiBody and C_BodyHi < C_BodyLo[1]
C_DojiStarBullish := true
alertcondition(C_DojiStarBullish, title = "New pattern detected", message = "New Doji Star – Bullish pattern detected")
if C_DojiStarBullish
var ttBullishDojiStar = "Doji Star\nThis is a bullish reversal candlestick pattern that is found in a downtrend and consists of two candles. First comes a long red candle, followed by a Doji candle (except 4-Price Doji) that opens below the body of the first one, creating a gap. It is considered a reversal signal with confirmation during the next trading day."
label.new(bar_index, patternLabelPosLow, text="DS", style=label.style_label_up, color = label_color_bullish, textcolor=color.white, tooltip = ttBullishDojiStar)
bgcolor(ta.highest(C_DojiStarBullish?1:0, C_DojiStarBullishNumberOfCandles)!=0 ? color.new(color.blue, 90) : na, offset=-(C_DojiStarBullishNumberOfCandles-1))
Overview
Doji Star - Bullish looks for a downtrend, a long black candle, and a following doji whose body sits below the prior candle body. Trend detection can use a 50-period SMA, both 50- and 200-period SMAs, or no filter. A blue DS label and a light background highlight the two-candle pattern, and an alert fires when it appears. It does not place trades or set exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Detect Trend Based On
string
trendRule1
trendRule
Label Color Bullish
color
color.blue
label_color_bullish
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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