Candlestick formation · Neutral
What is it, in one line
A doji with long wicks on both sides of the body.
Neutral · 1 candle · verdict: rule and thresholds below
A doji with long wicks on both sides of the body. The engine checks the formation as an executable condition over open, high, low and close, with a trend filter applied before the count is kept.
Method
A candle whose body is negligible and whose wicks extend well above and below it. Price covered substantial ground in both directions and finished level.
The traditional claim
Traditionally read as sharper indecision than a plain doji, on the reasoning that both sides committed and neither won.
How this detection is wrong
Every long-legged doji is also a doji; the wick minimums are the only difference. A doji with one long wick and one short one is a dragonfly or gravestone instead.
Published so the count can be reproduced. Every figure below is a parameter of the rule, not a preference: change one and the occurrence count changes with it.
| Parameter | Meaning | Default |
|---|---|---|
| maxBodyPct | body, at most, as a share of the range | 0.05 |
| minWickPct | either wick, at least, as a share of the range | 0.3 |
| minRangeAtr | bar range, at least, in ATR | 0.5 |
| atrPeriod | bars of ATR used to size everything below | 14 |
These share enough geometry that a detector can return more than one of them on the same bar. The engine reports every match rather than picking a winner.
Every pair on the site that can be mistaken for another, and what separates each: the look-alikes index.
A candle whose body is negligible and whose wicks extend well above and below it. Price covered substantial ground in both directions and finished level.
It is read as neutral. Traditionally read as sharper indecision than a plain doji, on the reasoning that both sides committed and neither won.
Every long-legged doji is also a doji; the wick minimums are the only difference. A doji with one long wick and one short one is a dragonfly or gravestone instead.
As an executable rule over open, high, low and close, with 4 named parameters — including body, at most, as a share of the range 0.05, either wick, at least, as a share of the range 0.3, bar range, at least, in ATR 0.5 — all published on this page so the count can be reproduced. Strict and loose variants are defined as well, so the sensitivity of the count to those thresholds is visible rather than assumed.
Measurement pending re-run
No hit rate is published here yet. The run that would supply one was computed on engine ca6d9e36c81c; the engine is now cfb08765de7c. Its candlestick rows included the still-forming bar, and it predates the chart formations entirely, so those figures have been withdrawn rather than published with a caveat. The definition above is unaffected: it is what the detector tests, and no re-run changes it.