//@version=5
indicator("Gravestone Doji - Bearish", shorttitle = "Gravestone Doji - Bear", overlay=true)
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_bearish = input(color.red, "Label Color Bearish")
C_GravestoneDojiBearishNumberOfCandles = 1
C_GravestoneDojiBearish = C_IsDojiBody and C_DnShadow <= C_Body
alertcondition(C_GravestoneDojiBearish, title = "New pattern detected", message = "New Gravestone Doji – Bearish pattern detected")
if C_GravestoneDojiBearish
var ttBearishGravestoneDoji = "Gravestone Doji\nWhen a doji is at or is close to the day’s low point, a doji line will develop."
label.new(bar_index, patternLabelPosHigh, text="GD", style=label.style_label_down, color = label_color_bearish, textcolor=color.white, tooltip = ttBearishGravestoneDoji)
bgcolor(ta.highest(C_GravestoneDojiBearish?1:0, C_GravestoneDojiBearishNumberOfCandles)!=0 ? color.new(color.red, 90) : na, offset=-(C_GravestoneDojiBearishNumberOfCandles-1))
Overview
Gravestone Doji - Bearish treats a candle as a doji when the body is small relative to the full range, then requires the lower shadow to be no larger than the body. On a match it draws a GD label above the bar, tints the background red, and fires an alert. The only user setting changes the bearish label color; body and shadow thresholds are fixed. It has no entries, exits, or stop rules.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Label Color Bearish
color
color.red
label_color_bearish
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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