-
Python Script to Identify Doji Candlestick Patterns
A Doji candlestick is a special type of candlestick pattern in the stock market that shows indecision between buyers and sellers. When doji candlestick forms, it indicates that the market opens and closes at the same price. This means there is equality and indecision between buyers and sellers, with no one controlling the market How a Doji Candle Looks Line-by-Line Explanation 1. Importing Libraries 2. Change Current Working Directory 3. Generate Trading Session Opens the file access_token.txt and reads the access token (used for authenticated API calls). Reads API key & secret from api_key.txt and splits into a list.Example: ["your_api_key", "your_api_secret"] Creates a KiteConnect object with your API key. Sets…
-
Doji Candlestick
When doji candlestick forms, it indicates that the market opens and closes at the same price. This means there is equality and indecision between buyers and sellers, with no one controlling the market. See the example below. this signal means that the market didn’t decide which direction will take. When this pattern occurs in an uptrend or a downtrend, it indicates that the market is likely to reverse. Interpretation: Reversal Strong: After long uptrend and downtrend Example : Doji Example at Resisitence The chart above shows how the market changed direction after the formation of the Doji candlestick.The market was trending up, that means that buyers were in control of…