Doji Signals Near Supply and Demand Zones

Summary

This Pine strategy combines doji candles with price zones derived from swing pivots. Its extensive settings cover pivot detection, ATR-scaled zone width and departure, zone expiry and break handling, retest confirmation, doji body and wick shape, proximity to zones, trend EMAs, and optional next-bar confirmation. It also includes controls for zone display, signal spacing, and quality filters. The intent is to use candle indecision near a relevant area, with configurable checks to resolve overlapping supply and demand zones and to require confirmation.

The supplied document is only a partial source listing: it ends during the quality-filter inputs, before the full signal and order logic appears. It therefore does not establish precisely how entries, exits, or position sizing work, nor does it provide backtest settings or results. The many tunable thresholds make behavior dependent on instrument, timeframe, and parameter choices. Its useful contribution is the design framework for combining price zones, retests, and doji confirmation, rather than evidence that the setup is profitable.

Key ideas

• The strategy is designed to evaluate doji candles near pivot-based supply and demand zones.
• ATR-scaled thresholds control zone size, breaks, departures, and candle proximity.
• Retest counts and optional follow-up confirmation can filter zone interactions.
• EMA direction and zone penetration can help resolve overlapping zones.
• The excerpt omits complete trading rules and performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.