Doji signals
Aug 30, 2016
The Doji signals indicator identifies and highlights Doji candlesticks on the chart, helping traders pinpoint moments of market indecision and potential trend reversals.
Usage
The script is designed to detect Doji candles based on a user-defined body-to-range ratio. When a Doji is identified, the indicator highlights the bar in a distinct yellow color and triggers a plot signal. This tool is versatile and can be used on both standard candlestick charts and Heikin-Ashi candles. Traders typically use these signals to identify potential exhaustion in a trend or as a precursor to a reversal when combined with other technical analysis tools.
Details
A Doji occurs when the opening and closing prices of a security are nearly equal. This script calculates the presence of a Doji by comparing the absolute difference between the open and close (the body) against the total price range (high - low) multiplied by a precision factor. If the body is smaller than or equal to this calculated threshold, a signal is generated.
Settings
- Doji's Max Body size: Adjusts the sensitivity of the detection. A lower value requires the candle body to be smaller relative to its range to be considered a Doji, while a higher value allows for larger bodies to be flagged.
FAQ
How do I use the alerts for this script?
You can create an alert by selecting the indicator in the TradingView alert menu. The script is optimized to trigger an alert once per bar close whenever a Doji is detected.
Does this work on all timeframes?
Yes, the Doji signals tool can be applied to any timeframe and works effectively on both standard and Heikin-Ashi candle types.
How do I access the Doji signals indicator?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.