Long legged doji

The long-legged doji candlestick pattern is also applicable to heikin ashi candles.

The doji pattern occurs when the difference between the open and close of a candle is negligible. As a result of the wide shadows cast on the narrow body of the doji candle, it is known as a long-legged doji candle.

The narrow body of the heikin ashi candle indicates that the average price is almost equal to the average of the previous candle body. It is evident from the wide range of highs and lows or the shadows that the session was volatile.

It is a neutral candlestick pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.