Doji
A bar whose open and close are almost the same, leaving a cross-shaped candle.
What it shows
A doji forms when the open and close are within about 5% of the bar's high-to-low range. The body is a thin line, with wicks above and below.
It shows that price moved but ended where it started. It is a fact about one bar and is read in context.
How we find it
The same code that draws it on your chart follows these steps, with the same result every time.
- Body = |close − open|.
- Range = high − low.
- Mark a doji if body ≤ 5% of range.
- Show the date.
Starting values: Body limit 5% of range. These are proposed and will be tuned on real price data before launch.
How to read it
- The gold candle is the doji.
- Its body is a thin line.
- Candles before it show the move it follows.
Status labels you may see
| Label | What it means |
|---|---|
| Doji today | The last bar meets the rule. |
| Doji recently | Within the last 5 bars. |
| None | No doji in the last 5 bars. |
What cancels it
Nothing cancels it.
What traders check next
- The trend before it.
- The size of the wicks.
- The next bar.
Limits
- Dojis are common in quiet markets.
- The 5% limit is a convention.
- Meaning depends on context.
Try it in forecastviz
- Open any ticker and choose Candlestick patterns → Doji in the left menu.
- Switch between 3M, 6M to see how the picture changes.
- Compare with Hammer and Shooting star on the same chart.
Questions
Does a doji signal a reversal?
We make no claim. It shows indecision in one bar.
What about long wicks?
Variants like dragonfly and gravestone have names but the same idea.
Related trends
Further reading
- Nison, Japanese Candlestick Charting Techniques
- Bulkowski, Encyclopedia of Candlestick Charts
- Morris, Candlestick Charting Explained
Educational only. Not financial advice, and not a price forecast. Charts are drawn by code from past price data, which may be delayed.