Doji
Last updated
Last updated
The Doji Candlestick Pattern Indicator usually signifies indecision between bears and bulls and is generally found at the top and bottom of a trend, meaning it can be used to signify trend reversals. This Indicator works by generating Buy Trade Signals after the pattern has formed (if you are sold) and vice versa. For more information about this Candlestick Pattern, please check out Doji Candlestick Patterns on https://commodity.com/technical-analysis/doji/. Users may want to use this as a stand-alone indicator if they are bought during a bull trend (to sell at the top), while the opposite is true during a break trend; where the user will want to be sold and use this indicator to buy at the bottom of a bear trend.
Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.