This formation consists of three candlesticks.
The first is a long white candlestick, the second is a Doji and the third is a small black candlestick.
The Doji gaps above both the white and black candlestick.
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The black candlestick opens higher than the close of the white one but closes below the midpoint of the white candlestick. When this formation occurs it is a sign of a major top reversal.
Parameters:
BarsBack BarsBack must be greater than MinBars.
The candlestick formation will be scanned
this many bars back in the timeframe
MinBars 2(Fixed).
The value of MinBars will be one less than the
number of bars in the candlestick formation.
Arguments:
None
Output Indicators:
Detected
If the candlestick formation is detected within the last
BarsBack bars, then Detected returns a 1.
Otherwise Detected has a value of 0
Example:
Study Name Expanded in a 3 minute timeframe:
I3_EveningDojiStar(10,2)_I3
This study detects an EveningDojiStar in the last 10 bars of the 3 minute time frame.
It returns a 1 if the formation is detected , 0 otherwise.
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::Detected
