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 Low Price and Closing Price is less than 3% of ExpAvg(Candle Body Length,9)
Discussion:
Generally considered to be a candlestick indicating indecision in the market and possible reversal of the market.
For more details, refer to page 15 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 Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).