Click here to Login








Doji

by Vivek A. Shah, 5221 days ago
Share |


There is a special candle that has no real body to speak of and is called the doji. The close of this candle is at exactly the same price as the close. Doji formations help confirm reversals. There are different names and nuances associated with certain dojis, such as the gravestone, which, when formed after a major downtrend, signals that the trend is near an end and that slightly lower prices are expected to come. It is similar in appearance to what is called an inverted hammer at market bottoms or a shooting star at the top of a prolonged price advance.

The secret weapon of candlestick charting is knowing the power of what the doji represents. Dojis indicate indecision-the market ends where it began. Confidence is lost from buyers or sellers on the open as the market made a lot of noise as the range was established. In a bullish or bearish trending market, indecision is the last thing you want to see. Strong rejection or failure from the high and/or low is a significant telltale sign that changes are coming.

So Doji gives chance to find out probable tops & bottoms of the market.

It is usually helpful to traders but when applied to the weekly ot monthly charts, investor can find out stocks which help them earn very good returns.




You have to log in to bookmark this object
What is this?




Type: Watch List

Object ID: 670


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

How to search for a trading item

How to create market indicators using the composite function - Part 3

How to create market indicators using the composite function - Part 2

Create a Pivot Table that displays the Relative Strength Index - RSI

6 Stock Trading Items Related to the New York Stock Exchange - NYSE

Pivot Tables in QuantShare Trading Software

How to create market indicators using the composite function - Part 1

Optimize a trading strategy using the Sharpe ratio

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.