Red Candle Green Candle and Black T

[Swagster]

I understand what the Red and Green Candles are,but sometimes a Black T, or Black horizontal line shows up next to a Red or Green Candle, and wondering what those are? I haven't been able to find the answer with an internet search.

Thank you,

[NinjaTrader_LuisH]

Hello Swagster,


Thank you for posting on the NinjaTrader forums.


I believe you are referring to a 'doji candle'.

From Google: A "doji candle" is a candlestick pattern in technical analysis where the opening and closing price of a security are nearly identical, appearing as a small "cross" or "plus sign" on the chart, signifying a period of indecision between buyers and sellers in the market; the length of the upper and lower shadows (wicks) can vary, providing further insight into market sentiment during that time frame.


Thank you!