EveningDojiStar

Description

Evening Doji Star is a bearish trend reversal candlestick pattern consisting of three candles.

The Evening Doji Star candlestick pattern is recognized if:

  • The first candle is long and bullish and continues the uptrend;

  • The second candle is Doji that gaps up from the first candle;

  • The third candle is bearish and closes below the first candle's midpoint.

Input Parameters

Parameter Description
length The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long. If the body height of a candle is less than 5% of this average, it is considered a Doji candle.
trend setup The number of preceding bars to check if the trend exists.

Plots

Plot Description
Bearish The Evening Doji Star candlestick pattern.


For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.