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.
BodyHeightMax |
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Default Value: 0.029999999999999999 | Minimum: 0 | Maximum: 2 |
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Type: Numeric |
UpperShadowMin |
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Default Value: 0.10000000000000001 | Minimum: 0 | Maximum: 999 |
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Type: Numeric |
LowerShadowMax |
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Default Value: 0.01 | Minimum: 0 | Maximum: 2 |
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Type: Numeric |
ShowTraderBar |
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Default Value: -1 |
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Type: Boolean |
ShowTraderMark |
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Default Value: -1 |
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Type: Boolean |