Long Legged Doji

A Doji pattern with very long upper and lower shadows.

This line often signifies a turning point. It occurs when the open and close are the same, and the range between the high and low is relatively large, clearly reflecting the indecision of traders.

 

Recognition Criteria:

·       Doji

·       Total line range is equal to or greater than N times of the average line range of the last M lines

 

Function: LongLeggedDoji()

Trend: Neutral

Type: Reversal