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Doji Engulf
Indicator
3 downloads
Version 1.0, Jul 2025
Windows, Mac
3
Free installs

Description

using cAlgo.API;

using cAlgo.API.Indicators;

using cAlgo.API.Internals;

using System;


namespace cAlgo.Indicators

{

[Indicator(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]

public class DojiStrategyIndicator : Indicator

{

[Parameter("Doji size", DefaultValue = 0.05, MinValue = 0.01, Step = 0.01)]

public double DojiSize { get; set; }


[Parameter("Long Candle Ratio", DefaultValue = 0.7, MaxValue = 1, Step = 0.1)]

public double LongCandleRatio { get; set; }


[Parameter("Use Volume Filter?", DefaultValue = false)]

public bool UseVolumeFilter { get; set; }


[Parameter("Volume Moving Average Period", DefaultValue = 24)]

public int VolumeMA { get; set; }


[Parameter("RSI Period", DefaultValue = 14)]

public int RSIPeriod { get; set; }


[Parameter("Wick-to-Body Ratio", DefaultValue = 2.5, MinValue = 1.0, Step = 0.1)]

public double WickToBodyRatio { get; set; }


private MovingAverage volumeMA;

private RelativeStrengthIndex rsi;


[Output("Doji Signal", Color = Colors.Orange, PlotType = PlotType.Points, Thickness = 2)]

public IndicatorDataSeries DojiSignal { get; set; }


protected override void Initialize()

{

if (UseVolumeFilter)

volumeMA = Indicators.MovingAverage(MarketSeries.TickVolume, VolumeMA, MovingAverageType.Simple);


rsi = Indicators.RelativeStrengthIndex(MarketSeries.Close, RSIPeriod);

}


public override void Calculate(int index)

{

double body = MarketSeries.Close[index] - MarketSeries.Open[index];

double range = MarketSeries.High[index] - MarketSeries.Low[index];

double abody = Math.Abs(body);

double ratio = abody / range;


bool isDoji = abody <= range * DojiSize;

bool goStar = isDoji && (!UseVolumeFilter || MarketSeries.TickVolume[index] > volumeMA.Result[index]);


if (goStar && IsHigherTimeFrame(out int timeFrameNumber, out string label))

{

DojiSignal[index] = MarketSeries.Close[index]; // Mark the Doji on the chart

Chart.DrawIcon("Doji" + TimeFrame.ToString() + index, ChartIconType.Diamond, index, MarketSeries.Close[index], Color.Orange);


// Highlight the high and low of the Doji candle with solid lines that extend over the next 3 candles

HighlightDojiHighLow(index, timeFrameNumber, label);

}


// SMT Divergence detection is now applied to all time frames

DetectSMTDivergence(index);

}


private bool IsHigherTimeFrame(out int timeFrameNumber, out string label)

{

timeFrameNumber = 0;

label = string.Empty;


if (TimeFrame == TimeFrame.Minute15)

{

timeFrameNumber = 15;

label = "0.25";

return true;

}

else if (TimeFrame == TimeFrame.Minute30)

{

timeFrameNumber = 30;

label = "0.5";

return true;

}

else if (TimeFrame == TimeFrame.Minute45)

{

timeFrameNumber = 45;

label = "0.75";

return true;

}

else if (TimeFrame == TimeFrame.Hour)

{

timeFrameNumber = 1;

label = "1";

return true;

}

else if (TimeFrame == TimeFrame.Hour2)

{

timeFrameNumber = 2;

label = "48";

return true;

}

else if (TimeFrame == TimeFrame.Hour4)

{

timeFrameNumber = 4;

label = "4";

return true;

}

else if (TimeFrame == TimeFrame.Daily)

{

timeFrameNumber = 24;

label = "24";

return true;

}

else if (TimeFrame == TimeFrame.Weekly)

{

timeFrameNumber = 168;

label = "W";

return true;

}

else if (TimeFrame == TimeFrame.Monthly)

{

timeFrameNumber = 720;

label = "M";

return true;

}


return false;

}


private void HighlightDojiHighLow(int dojiIndex, int timeFrameNumber, string label)

{

double dojiHigh = MarketSeries.High[dojiIndex];

double dojiLow = MarketSeries.Low[dojiIndex];


// Draw solid horizontal lines at the high and low of the Doji candle extending over the next 3 candles

Chart.DrawTrendLine("DojiHighLine" + TimeFrame.ToString() + dojiIndex, dojiIndex, dojiHigh, dojiIndex + 3, dojiHigh, Color.Blue, 2, LineStyle.Solid).IsInteractive = true;

Chart.DrawTrendLine("DojiLowLine" + TimeFrame.ToString() + dojiIndex, dojiIndex, dojiLow, dojiIndex + 3, dojiLow, Color.Red, 2, LineStyle.Solid).IsInteractive = true;


// Add time frame number or label text next to the blue line

Chart.DrawText("TimeFrameHigh" + TimeFrame.ToString() + dojiIndex, label, dojiIndex + 3, dojiHigh, Color.Green).IsInteractive = true;

}


private void DetectSMTDivergence(int index)

{

// Check if the current high or low forms a divergence with the RSI

double currentHigh = MarketSeries.High[index];

double currentLow = MarketSeries.Low[index];


double prevHigh = MarketSeries.High[index - 1];

double prevLow = MarketSeries.Low[index - 1];


double currentRSI = rsi.Result[index];

double prevRSI = rsi.Result[index - 1];


bool isWickDivergence = IsWickDivergence(index, currentHigh, currentLow, prevHigh, prevLow);


if (isWickDivergence)

{

// Bearish Divergence: Price makes a higher high, RSI makes a lower high

if (currentHigh > prevHigh && currentRSI < prevRSI)

{

// Mark the divergence on the chart with a unique identifier for this time frame

Chart.DrawIcon("BearishDivergence" + TimeFrame.ToString() + index, ChartIconType.DownArrow, index, currentHigh, Color.Red);

}


// Bullish Divergence: Price makes a lower low, RSI makes a higher low

if (currentLow < prevLow && currentRSI > prevRSI)

{

// Mark the divergence on the chart with a unique identifier for this time frame

Chart.DrawIcon("BullishDivergence" + TimeFrame.ToString() + index, ChartIconType.UpArrow, index, currentLow, Color.Green);

}

}

}


private bool IsWickDivergence(int index, double currentHigh, double currentLow, double prevHigh, double prevLow)

{

double currentBody = Math.Abs(MarketSeries.Close[index] - MarketSeries.Open[index]);

double currentRange = currentHigh - currentLow;


double prevBody = Math.Abs(MarketSeries.Close[index - 1] - MarketSeries.Open[index - 1]);

double prevRange = prevHigh - prevLow;


// Determine if the current candle has a small body and long wicks

bool currentHasLongWicks = (currentHigh - MarketSeries.Close[index]) > currentBody * WickToBodyRatio &&

(MarketSeries.Open[index] - currentLow) > currentBody * WickToBodyRatio;


// Determine if the previous candle has a small body and long wicks

bool prevHasLongWicks = (prevHigh - MarketSeries.Close[index - 1]) > prevBody * WickToBodyRatio &&

(MarketSeries.Open[index - 1] - prevLow) > prevBody * WickToBodyRatio;


return currentHasLongWicks || prevHasLongWicks;

}

}

}

Summary

AI summary
Doji Engulf is a technical indicator designed for use on multiple higher timeframes including 1 hour, 4 hours, and daily charts. It identifies Doji candlestick patterns—candles with small bodies relative to their range—and validates these signals by checking volume filters and relative strength index (RSI) conditions. The indicator marks detected Doji candles on the chart with orange diamond icons and highlights their high and low prices with solid horizontal lines extending over subsequent candles. It also detects Smart Money Technique (SMT) divergences by comparing price highs and lows with RSI values, marking bullish and bearish divergences with green up arrows and red down arrows respectively. Parameters allow customization of Doji size, candle body ratios, volume filtering, volume moving average period, RSI period, and wick-to-body ratio. The indicator supports multiple timeframes from 15 minutes up to monthly, adapting its analysis accordingly. It provides visual cues directly on the trading chart to assist traders in identifying potential reversal or continuation signals based on Doji patterns and divergence analysis.
Indicator profile

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Price

3
Free installs