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// Created by @pequet (https://www.tradingview.com/u/pequet) July 4 2018 | |
// https://github.com/pequet/ | |
// @version=3 | |
// Reference: https://www.tradingview.com/x/j7TADzBK/ | |
study("Doji Gaps v0.0.1", shorttitle="Doji Gaps", precision=8, overlay=true, scale=scale.right) | |
rrInput = input(2.0, title="Risk/Reward") | |
// doji | |
IsDoji(n) => | |
(high[n] - low[n]) / abs(open[n] - close[n]) > 50 | |
// gap | |
IsGap(n) => | |
max(open[n+1], close[n+1]) < min(open[n], close[n]) ? 1 : min(open[n+1], close[n+1]) > max(open[n], close[n]) ? -1 : 0 | |
dojiGapCond = IsDoji(1) ? IsGap(0) : 0 | |
confirmedCond = dojiGapCond[1] == 1 and close > close[1] ? 1 : dojiGapCond[1] == -1 and close < close[1] ? -1 : 0 | |
// if confirmed enter there and risk to bottom of doji | |
entry = confirmedCond==1 ? high[1] : confirmedCond==-1 ? low[1] : na | |
stop = confirmedCond==1 ? low[2] : confirmedCond==-1 ? high[2] : na | |
target = confirmedCond!= 0 ? entry + rrInput * (entry - stop) : na | |
bgcolor(dojiGapCond==1 ? green : dojiGapCond==-1 ? red : na, transp=50) | |
plotchar(entry, color=green, location=location.absolute, char="⟵", transp=0, style=circles, offset=0) | |
plotchar(stop, color=red, location=location.absolute, char="⟵", transp=0, style=circles, offset=0) | |
plotchar(target, color=green, location=location.absolute, char="⟵", transp=0, style=circles, offset=0) | |
alertcondition(confirmedCond!= 0, title='Doji gap', message='Doji gap!') | |
// - |
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