Indicator · Pine Script v5 · On the chart

Dojis

by fiji-solutions· code credited to cmoutafidis

This indicator identifies and plots bullish and bearish Doji candlestick patterns directly on the price chart.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code28
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago3 Oct 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

28 lines of Pine Script v5 from 05. Candlestick Patterns/05. Doji Candles.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

05. Doji Candles.pine
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © cmoutafidis

//@version=5
indicator(title="Dojis", overlay = true)

maxWickSize = input.float(title="Max Wick Size", defval = 2.0)
maxBodySize = input.float(title="Max Body Size Percentage", defval = 0.25)

// Get candle data
topWickSize    = high - (close > open ? close : open)
bottomWickSize = (close > open ? open : close) - low
bodyPercent    = math.abs(close - open) / (high - low)

// Get our filters
swingHigh = high == ta.highest(high, 10)
swingLow = low == ta.lowest(low, 10)

// Determine if current bar is a valid doji candle
doji = topWickSize <= bottomWickSize * maxWickSize and
         bottomWickSize <= topWickSize * maxWickSize and
         bodyPercent <= maxBodySize

dojiBull = doji and swingLow
dojiBear = doji and swingHigh

plotshape(dojiBull, style = shape.triangleup,   size = size.small, color = color.green)
plotshape(dojiBear, style = shape.triangledown, size = size.small, color = color.red)

Overview

Dojis defines a Doji by comparing body size to the total candle range and ensuring upper and lower wicks are balanced within a customizable ratio. Signals are filtered using a 10-bar swing high or low, plotting green upward triangles for bullish setups at swing lows and red downward triangles for bearish setups at swing highs. Inputs allow users to adjust maximum wick ratio and body percentage thresholds.

Details

Published by

fiji-solutions on GitHub

Code credit

cmoutafidis, as written in the script's header

Draws

On the price chart

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.

SettingTypeDefaultVariable
Max Wick Sizefloat2.0maxWickSize
Max Body Size Percentagefloat0.25maxBodySize
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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