Candlestick formation · Neutral
What is it, in one line
A long-legged doji whose body sits near the middle of the range.
Neutral · 1 candle · verdict: rule and thresholds below
A long-legged doji whose body sits near the middle of the range. 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 doji with long wicks on both sides where the body falls near the midpoint of the whole range. The extra constraint over a long-legged doji is the centring — the session ended precisely where it balanced.
The traditional claim
Traditionally read as the most complete form of indecision available in a single candle.
How this detection is wrong
Every rickshaw man is a long-legged doji; the centring test is the only difference, and it is what the maxOffsetPct parameter controls.
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 |
| maxOffsetPct | offset permitted between the two bars | 0.1 |
| 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 doji with long wicks on both sides where the body falls near the midpoint of the whole range. The extra constraint over a long-legged doji is the centring — the session ended precisely where it balanced.
It is read as neutral. Traditionally read as the most complete form of indecision available in a single candle.
Every rickshaw man is a long-legged doji; the centring test is the only difference, and it is what the maxOffsetPct parameter controls.
As an executable rule over open, high, low and close, with 5 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, offset permitted between the two bars 0.1 — 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.