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The Doji candlestick is one of the most common candlestick reversal patterns you will find in the market and used together with our candlestick detection software it provides a powerful trading tool. The trader is alerted via a pop-up window, email, telegram bot or SMS text message.
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A Doji candlestick will provide very important information on its own or together as part of signals from other candlestick formations. It forms when a security's open and close price are equal. The length of the upper and lower shadows can vary and the resulting candlestick sometimes looks like a cross, inverted cross or a plus sign. The best formation is when the open and close prices are equal, but this is not necessary.
 
"A Doji formed alone implies that the trend is neutral and bullish or bearish confirmations are based on preceding price action and future confirmation"
 
cTrader Doji Detector

What Is A Doji Candlestick Pattern?

 The doji candlestick is one of the most common candlestick reversal patterns you will find in the market, in total there are 4 different types which are listed below. It is characterized by an opening and closing price that are virtually equal. A doji is a key trend reversal indicator.

 

Types of Doji Candles Identified

There are 4 different types of Doji candlesticks that are identified using this software.

 ctrader pattern doji types

Neutral Doji

The opening and closing prices are virtually equal.

Long Legged Doji

This reflects a great amount of indecision about the future direction of the underlying asset.

Gravestone Doji

The long upper shadow suggests that the direction of the trend may be nearing a major turning point. It is formed when the opening and closing price of the underlying asset are equal and occur at the low of the day.

Dragonfly Doji

The long lower shadow suggests that the direction of the trend may be nearing a major turning point. It is formed when the opening and closing price of the underlying asset are equal and occur at the high of the day.

 

 Example Trade Setup Using A Doji

 The image below shows a classic example of price reversal after an uptrend when a bearish Gravestone Doji is formed, the success rate is higher when the candle is formed as it enters a resistance zone. This indicator can be used with the cTrader Support & Resistance Indicator.
 
The gravestone doji is a variation of this reversal pattern and it forms when the open, low and close are equal and the high creates a long upper shadow.
 
cTrader Gravestone Doji

 

Doji Detection Software Working Example

The image below is a real-life example using the cTrader Doji detection software which shows a price reversal after the doji candlestick has been formed.
 cTrader Pattern Detector Example
 
 

Learn How To Trade Using Doji's

We do not just provide trader's with an indicator to download we also provide educational material to learn how to trade using Doji candlesticks.

Learn Candlestick Patterns

How to Trade Using Doji Candlestick Patterns

 

What Kind of Alerts Are There?

 This indicator has 4 different types of alerts to help the trader which is a simple pop-up message on your desktop to an Email, Telegram Bot and SMS text message. The last two provide instant messages so you get informed within seconds of the candle forming.

 

 cTrader Pin Bar Instant Alerts

 

 HOW TO CONFIGURE AND SET-UP YOUR ALERTS

We provide full support and educational material to help you set-up your email, telegram bot and SMS text message accounts so you can start receiving your alerts as soon as possible. There is also a free tool you can use to test that your settings are correct and to help you if you need it.

 

POP-UP WINDOW MESSAGE

This indicator will also display the classic pop-up window when an alert occurs.

cTrader Doji Alert

 

How To Use The Input Parameters

Your adjustable parameters are all explained in a PDF document which can be viewed below.

download pin bar documentation

 Download Your Parameter Instruction Manual

 

 Your Adjustable Input Parameters

All your adjustable parameters are shown below.

cTrader Doji Input Parameters

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 9 minutes

 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

~ Add the indicator to any chart to register ~

 

 ClickAlgo Product Helpdesk

If you cannot find the help you need on the product support page then submit a support ticket.

Submit a Support Ticket

A Doji candlestick will provide very important information on its own or together as part of signals from other candlestick formations. It forms when a security's open and close price are equal. The length of the upper and lower shadows can vary and the resulting candlestick sometimes looks like a cross, inverted cross or a plus sign. The best formation is when the open and close prices are equal, but this is not necessary.
 
"A Doji formed alone implies that the trend is neutral and bullish or bearish confirmations are based on preceding price action and future confirmation"
 
cTrader Doji Detector

What Is A Doji Candlestick Pattern?

 The doji candlestick is one of the most common candlestick reversal patterns you will find in the market, in total there are 4 different types which are listed below. It is characterized by an opening and closing price that are virtually equal. A doji is a key trend reversal indicator.

 

Types of Doji Candles Identified

There are 4 different types of Doji candlesticks that are identified using this software.

 ctrader pattern doji types

Neutral Doji

The opening and closing prices are virtually equal.

Long Legged Doji

This reflects a great amount of indecision about the future direction of the underlying asset.

Gravestone Doji

The long upper shadow suggests that the direction of the trend may be nearing a major turning point. It is formed when the opening and closing price of the underlying asset are equal and occur at the low of the day.

Dragonfly Doji

The long lower shadow suggests that the direction of the trend may be nearing a major turning point. It is formed when the opening and closing price of the underlying asset are equal and occur at the high of the day.

 

 Example Trade Setup Using A Doji

 The image below shows a classic example of price reversal after an uptrend when a bearish Gravestone Doji is formed, the success rate is higher when the candle is formed as it enters a resistance zone. This indicator can be used with the cTrader Support & Resistance Indicator.
 
The gravestone doji is a variation of this reversal pattern and it forms when the open, low and close are equal and the high creates a long upper shadow.
 
cTrader Gravestone Doji

 

Doji Detection Software Working Example

The image below is a real-life example using the cTrader Doji detection software which shows a price reversal after the doji candlestick has been formed.
 cTrader Pattern Detector Example
 
 

Learn How To Trade Using Doji's

We do not just provide trader's with an indicator to download we also provide educational material to learn how to trade using Doji candlesticks.

Learn Candlestick Patterns

How to Trade Using Doji Candlestick Patterns

 

What Kind of Alerts Are There?

 This indicator has 4 different types of alerts to help the trader which is a simple pop-up message on your desktop to an Email, Telegram Bot and SMS text message. The last two provide instant messages so you get informed within seconds of the candle forming.

 

 cTrader Pin Bar Instant Alerts

 

 HOW TO CONFIGURE AND SET-UP YOUR ALERTS

We provide full support and educational material to help you set-up your email, telegram bot and SMS text message accounts so you can start receiving your alerts as soon as possible. There is also a free tool you can use to test that your settings are correct and to help you if you need it.

 

POP-UP WINDOW MESSAGE

This indicator will also display the classic pop-up window when an alert occurs.

cTrader Doji Alert

 

How To Use The Input Parameters

Your adjustable parameters are all explained in a PDF document which can be viewed below.

download pin bar documentation

 Download Your Parameter Instruction Manual

 

 Your Adjustable Input Parameters

All your adjustable parameters are shown below.

cTrader Doji Input Parameters

 

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 9 minutes

 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

~ Add the indicator to any chart to register ~

 

 ClickAlgo Product Helpdesk

If you cannot find the help you need on the product support page then submit a support ticket.

Submit a Support Ticket

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