Abbreviation:
Category: Candlestick Line
Input Parameters:
| Name | Range | Default |
| Opening Price | Open | |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
Calculation:
= Doji AND difference between High Price and Closing Price is less than 3% of ExpAvg(Candle Body Length,9)
Discussion:
Generally considered to be a candlestick indicating possible reversal of the market.
For more details, refer to pages 15-16 of the book, CandlePower, by Gregory L. Morris (Chicago, IL, Probus Publishing Company, 1992, ISBN 1-55738-458-4). Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).