Doji

Doji

The doji is a commonly found pattern in a candlestick chart of financially traded assets (stocks, bonds, futures, etc). It is characterized by being small in length—meaning a small trading range—with an opening and closing price that are virtually equal[1].

The doji represents indecision in the market. A doji is not as significant if the market is not clearly trending, as non-trending markets are inherently indicative of indecision. If the doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend.

Types of Doji

Neutral[2] : Dojis form when the opening and closing prices are virtually equal. Alone, dojis are neutral patterns.  
Long-Legged[3] : This doji reflects a great amount of indecision about the future direction of the underlying asset.  
Gravestone[4] : The long upper shadow suggests that the direction of the trend may be nearing a major turning point.  
Dragonfly[5] : The long lower shadow suggests that the direction of the trend may be nearing a major turning point.  

References

See also


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • DOJI — Arab. Fel. gens in panchaea Reg. Diod …   Hofmann J. Lexicon universale

  • Doji — A name for candlesticks that provide information on their own and also feature in a number of important patterns. Dojis form when a security s open and close are virtually equal. A doji candlestick looks like a cross, inverted cross, or plus sign …   Investment dictionary

  • Dōji Morita — (jap. 森田 童子, Morita Dōji; * 15. Januar 1952) ist eine japanische Psychedelic Folk Singer Songwriterin. Inhaltsverzeichnis 1 Karriere 2 Diskografie 2.1 Alben …   Deutsch Wikipedia

  • Doji Morita — 森田童子 Birth name 森田童子 (Morita, Doji) Born January 15, 1952 (1952 01 15) (age 59) Origin Japan …   Wikipedia

  • Doji bara famine — Map of India (1795) shows the Northern Circars, Hyderabad (Nizam), Southern Maratha Kingdom, Gujarat, and Marwar (Southern Rajputana), all affected by the Doji bara famine. The Doji bara famine (also, Skull famine) of 1791 92 in South Asia was… …   Wikipedia

  • Karakuri Dôji Ultimo — Japanese cover of Karakuri Dôji Ultimo Vol. 1 機巧童子ULTIMO (Karakuri Dōji Urutimo) Genre Action …   Wikipedia

  • Shuten-Doji — (SHOE tin Dodge EE) In Japanese lore, there is a hideously ugly and deformed vampiric REVENANT known as shuten doji ( sake drinking lad ). Carefully using its long clawed fingers, the shuten doji plays on its flute a mesmerizing tune that places… …   Encyclopedia of vampire mythology

  • Shuten-dōji — is a Oni, the creature of Japanese folklore.In popular culture: *nihongo |Shutendouji|朱天童子|Shutendōji, a character in the anime Ronin Warriors *Shutendouji, a character in the anime Otogizoshi *nihongo |Shutendoji|手天童子|Shutendōji, a manga by Go… …   Wikipedia

  • Dragonfly Doji — A type of candlestick pattern that signals indecision among traders. The pattern is formed when the stock s opening and closing prices are equal and occur at the high of the day. The long lower shadow suggests that the forces of supply and demand …   Investment dictionary

  • Gravestone Doji — A type of candlestick pattern that is formed when the opening and closing price of the underlying asset are equal and occur at the low of the day. The long upper shadow suggests that the day s buying buying pressure was countered by the sellers… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”