Gravestone Doji

gravestone_doji

Function Name: gravestone_doji

Tags: None

Category: Candlestick, Pattern

The Gravestone Doji pattern is formed when the opening and closing price are equal and occur at the low of the day. The long upper shadow suggests that the forces of supply and demand are nearing a balance. This pattern is commonly used to suggest that the direction of the trend maybe be nearing a major turning point. A gravestone doji pattern is a common reversal pattern used to suggest that a bullish rally or trend is about to reverse. It can also be found at the end of a downtrend, but this version is much more rare. On the day of the gravestone doji, bearish traders realized that the price was pushed up to unjustifiably high levels so they send the price back up to where the stock opened. The close near the day's low suggests that supply is starting to outweigh demand again.

 

Parameters

BodyHeightMax

 

Default Value: 0.029999999999999999  |  Minimum: 0  |  Maximum: 2

 

Type: Numeric

UpperShadowMin

 

Default Value: 0.10000000000000001  |  Minimum: 0  |  Maximum: 999

 

Type: Numeric

LowerShadowMax

 

Default Value: 0.01  |  Minimum: 0  |  Maximum: 2

 

Type: Numeric

ShowTraderBar

 

Default Value: -1

 

Type: Boolean

ShowTraderMark

 

Default Value: -1

 

Type: Boolean