A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It's formed when the asset's high, open, and close prices are the same. The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open...
This indicator shows the status of main operations and how banker shakes out the locked chips.
Green - locked chips
Yellow - floating chips
Red - profitable chips
This indicator helps predict an upcoming candle
3 colors (red,yellow,green) and 20 switches are based on the Overbuy Support and Oversell Resistance(lines that my followers already know about)
Green is for the grow, red is for the price drop, and yellow is a NO TRADE ZONE (too much doubt)
Here you can see an example of a ETH/USD weekly chart:
Pay attention...
Second script form my Reversal Patterns Collection contains special cases of Hammer and Handing Man named Doji Dragon. Script distinguishes bullish and bearish Doji Dragons. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.
