Abbreviation:
Category: Candlestick Line
Input Parameters:
| Name | Range | Default |
| Opening Price | Open | |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
Calculation:
= Long Upper Shadow
AND Long Lower Shadow
AND (High Price + Low Price)/2 + (High Price-Low Price)/4 > Closing Price
AND (High Price + Low Price)/2 – (High Price-Low Price)/4 < Closing Price
AND Doji
Discussion:
Generally considered to be a candlestick indicating indecision in the market.
For more details, refer to pages 14-15 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 Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).