Northern Doji

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Figure 1. Northern Doji pattern.

Figure 1. Northern Doji pattern.

Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: Southern Doji

Construction:

  • a doji candle with at least one shadow
  • if the candle prior this pattern is of doji type, pattern's body has to be above it
  • if the candle prior this pattern is not a doji candle then
    • in the case of a black candle, opening on the next candle cannot be lower than the opening on the previous candle
    • in the case of a white candle, opening on the next candle cannot be lower than the closing on the previous candle
  • the low price below the high price of the previous candle
  • the low price at the level or above of the trendline
  • length of the shadows is not important

 


This article is devoted to the Northern Doji one-line pattern.

The Northern Doji is a pattern belonging to the group of one-line patterns. Its basic candle is any doji candle type, except the Four-Price Doji because at least one shadow is required. An uptrend is required prior the occurrence of this pattern. Northern Doji may reverse the uptrend or slow it down. After pattern occurrence, it is recommended to wait for its confirmation.

The Northern Doji pattern may occur on the same candle line in combination with another pattern, for example Bearish Doji Star, or on the second candle line with Evening Doji Star. Such situation reinforces the strength of the signal. The pattern composed of multiple lines is considered as a stronger one.

Figure 2.

Figure 2. On the chart, we can notice a clear uptrend prior the occurrences of the Bearish Doji Star and the Northern Doji Star (being the second line of the Bearish Doji Star). The Rising Window pattern creates a significant support zone as it is confirmed by a high trading volume.
After the Northern Doji, the Turn Down pattern is breaking the trendline, but further development of decreases is slowed down by the mentioned support zone. A few days later the Black Candle occurrence help to break it and move the price lower. The deeper decrease was stopped however by the Long White Candle occurrence.

 

Figure 3.

Figure 3. The chart presents two occurrences of the Northern Doji pattern. In both cases, signals were not confirmed. The first occurrence was negated by the Short White Candle. In the second case, the appearance of the Northern Doji pattern slowed down the uptrend, and even tested the support composed of three White Candles before the occurrence of the Northern Doji pattern. Finally, the pattern was negated by the White Candle.

 

Northern Doji statistics

Below you can find some Northern Doji pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software.

Pattern name: Northern Doji
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Northern Doji): 12,011
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Northern Doji): 1.88 %
Average frequency: 186.2
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
3 1,896 4,355 2,426 3,331
% of
Occurrences
0.02 % 15.77 % 36.26 % 20.20 % 27.75 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
27 1,752 3,545 2,180 4,507
% of
Occurrences
0.22 % 14.37 % 29.51 % 18.15 % 37.75 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
SRCL 33 143.3 20 60.61 % 22 66.67 %
MOS 26 193.6 11 42.32 % 16 61.54 %
FLIR 29 173.6 12 41.38 % 17 58.63 %
PRGO 43 117.1 22 51.17 % 25 58.14 %
ADSK 26 193.6 13 50.00 % 15 57.70 %
ORLY 33 152.5 13 39.40 % 18 57.58 %
PVH 40 125.9 22 55.00 % 23 57.50 %
CELG 53 95.0 28 52.83 % 30 56.60 %
JBHT 32 157.3 14 43.76 % 18 56.25 %
KMX 27 171.5 15 55.56 % 15 55.56 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
RRC 59 85.3 21 35.59 % 21 35.59 %
MNST 48 91.1 17 35.42 % 17 35.42 %
BIIB 35 143.8 12 34.29 % 12 34.29 %
TMK 39 129.1 14 35.90 % 13 33.33 %
WFM 27 186.4 9 33.33 % 9 33.33 %
URBN 36 139.7 12 33.33 % 11 30.56 %
CELG 53 95.0 16 30.19 % 16 30.19 %
KMX 27 171.5 8 29.63 % 8 29.63 %
AAPL 49 102.7 14 28.57 % 14 28.57 %
EOG 28 179.8 8 28.57 % 8 28.57 %
Pattern name: Northern Doji
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Northern Doji): 2,530
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Northern Doji): 1.52 %
Average frequency: 242.7
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
3 339 1,142 543 503
% of
Occurrences
0.12 % 13.28 % 45.14 % 21.46 % 20.00 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
27 283 917 512 791
% of
Occurrences
1.07 % 10.12 % 36.25 % 20.24 % 32.32 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
RRC 9 139.8 5 55.56 % 7 77.78 %
TSN 9 139.8 2 22.23 % 6 66.67 %
AIG 9 139.8 3 33.34 % 5 66.67 %
EA 8 157.3 5 62.50 % 5 62.50 %
FMC 8 157.3 2 25.00 % 5 62.50 %
ETFC 9 139.8 4 44.45 % 5 55.56 %
AVGO 8 157.3 4 50.00 % 4 50.00 %
EQIX 12 104.8 3 25.00 % 6 50.00 %
EW 10 125.8 3 30.00 % 5 50.00 %
HBAN 8 157.3 2 25.00 % 4 50.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
MS 8 157.3 4 50.00 % 4 50.00 %
NTAP 8 157.3 4 50.00 % 4 50.00 %
PDCO 8 157.3 4 50.00 % 4 50.00 %
FOSL 8 157.3 3 37.50 % 3 37.50 %
AIZ 9 139.8 3 33.33 % 3 33.33 %
SEE 9 139.8 3 33.33 % 3 33.33 %
TWC 9 139.8 3 33.33 % 3 33.33 %
IRM 11 114.4 3 27.27 % 3 27.27 %
CTL 8 157.3 2 25.00 % 2 25.00 %
LEG 8 157.3 2 25.00 % 2 25.00 %

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