This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
There is a special candle that has no real body to speak of and is called the doji. The close of this candle is at exactly the same price as the close. Doji formations help confirm reversals. There are different names and nuances associated with certain dojis, such as the gravestone, which, when formed after a major downtrend, signals that the trend is near an end and that slightly lower prices are expected to come. It is similar in appearance to what is called an inverted hammer at market bottoms or a shooting star at the top of a prolonged price advance.
The secret weapon of candlestick charting is knowing the power of what the doji represents. Dojis indicate indecision-the market ends where it began. Confidence is lost from buyers or sellers on the open as the market made a lot of noise as the range was established. In a bullish or bearish trending market, indecision is the last thing you want to see. Strong rejection or failure from the high and/or low is a significant telltale sign that changes are coming.
So Doji gives chance to find out probable tops & bottoms of the market.
It is usually helpful to traders but when applied to the weekly ot monthly charts, investor can find out stocks which help them earn very good returns.
