1 min
Aug 2, 2024
Indicators
The Doji Indicator
The Doji Indicator
The Doji is one of the most well-known chart patterns. It is also extremely simple, defined by a single candlestick that indicates strong indecision. The buying and selling forces in this candle are nearly balanced, resulting in a very small candle body.
Lucas Inglese
Lucas Inglese
Trading Instructor
The Doji Block Configuration
On BullTrading, you have several options to configure each block uniquely. In this block, you can set the time unit, accuracy percentage, and more.
Time Unit
Since BullTrading allows for multi-timeframe strategies, you can select the time period for calculating this indicator. There are two options:
Default: If set to Default, the time unit will vary based on the timeframe used in the backtest.
15m, 30m, 1d, etc.: Choosing a specific time unit means this setting will apply regardless of the time unit used for backtesting your strategy.
TIPS: If you’re a beginner, it’s recommended to leave the time unit on Default.
Accuracy Percentage
The "Accuracy Percentage" parameter defines the maximum allowed difference between the opening and closing price. For example, here a candle will be considered a Doji only if the absolute variation (regardless of the sign) is less than 0.1%.
The Doji Block Configuration
On BullTrading, you have several options to configure each block uniquely. In this block, you can set the time unit, accuracy percentage, and more.
Time Unit
Since BullTrading allows for multi-timeframe strategies, you can select the time period for calculating this indicator. There are two options:
Default: If set to Default, the time unit will vary based on the timeframe used in the backtest.
15m, 30m, 1d, etc.: Choosing a specific time unit means this setting will apply regardless of the time unit used for backtesting your strategy.
TIPS: If you’re a beginner, it’s recommended to leave the time unit on Default.
Accuracy Percentage
The "Accuracy Percentage" parameter defines the maximum allowed difference between the opening and closing price. For example, here a candle will be considered a Doji only if the absolute variation (regardless of the sign) is less than 0.1%.
The Doji Block Configuration
On BullTrading, you have several options to configure each block uniquely. In this block, you can set the time unit, accuracy percentage, and more.
Time Unit
Since BullTrading allows for multi-timeframe strategies, you can select the time period for calculating this indicator. There are two options:
Default: If set to Default, the time unit will vary based on the timeframe used in the backtest.
15m, 30m, 1d, etc.: Choosing a specific time unit means this setting will apply regardless of the time unit used for backtesting your strategy.
TIPS: If you’re a beginner, it’s recommended to leave the time unit on Default.
Accuracy Percentage
The "Accuracy Percentage" parameter defines the maximum allowed difference between the opening and closing price. For example, here a candle will be considered a Doji only if the absolute variation (regardless of the sign) is less than 0.1%.
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Join over 11,000 traders worldwide on the ultimate platform for beginners and experienced traders.
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