DOJ5
Streaming Alert (Scanner)
5 Minute Doji Alert (DOJ5)
By Daniel Mirkin, CEO, Trade Ideas. Updated October 2026.
Find stocks printing a doji candle on the 5-minute chart in real time with Trade Ideas Streaming Alerts (Scanner). A doji is a candle whose open and close are very close or identical, a sign of indecision between buyers and sellers. This alert checks 5 minute candles.
Candle patterns as they form.
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Streaming Alerts show a doji the moment it completes, not on the next refresh.
How Trade Ideas finds it: by default, this alert is triggered when a Doji pattern is created on a standard 5 minute candlestick chart. See Trade Ideas plans and pricing to run it live.
What is a doji?
A doji is a candle where the open and close are about the same, so the body is a thin line. The wicks can be long or short.
It shows a standoff. Buyers and sellers both moved the price during the candle, and it ended where it started.
Parts of a doji
Tiny body
Open and close are at or near the same price.
Wicks
How far price traveled above and below during the candle.
The trend before it
A doji after a strong move gets more attention than one in a quiet range.
How traders use it
Step 1: Let the Trade Ideas alert find it
Turn on the 5 Minute Doji alert (DOJ5) to see which stocks just printed a doji on a 5 minute chart. See it live in the Web Dashboard.
Step 2: Wait for the trigger
Trader tip
A doji is indecision, so most traders wait to see which way the next candle breaks.
Step 3: Entry
A break above the doji high or below its low is the usual entry, in that direction.
Step 4: Exit
The other end of the doji is a natural stop. That is one way traders handle it, and it is not a recommendation.
Tips
- On quiet stocks doji are common and mean little. Filter for volume.
- A doji after a big run is worth a closer look.
- Long wicks on both sides show a real fight, not just a slow candle.
- Doji alerts come in 5, 10, 15, 30 and 60 minute versions.
Past results, including backtests, are not indicative of future results.
How the 5 Minute Doji alert works
Key point
The Doji pattern is a candlestick pattern in technical analysis that signals indecision between buyers and sellers. It forms when the opening and closing prices of an asset are very close or identical, resulting in a small or nonexistent body for the candlestick. The length of the upper and lower wicks can vary, indicating the price range within the trading period.
Here are the characteristics of a Doji pattern:
- The open and close prices are very close or identical.
- The candlestick has a small or no real body.
- It has upper and lower wicks that show the high and low prices during the trading period.
Key point
The Doji pattern suggests that neither buyers nor sellers were able to gain control during the session, resulting in a standoff. It often appears at potential reversal points in the market and is considered a neutral or indecision signal.
Benefits of using the Doji pattern alert in stock trading include:
- Reversal Signal: A Doji pattern, especially after a strong price move, can indicate a potential reversal. It signals uncertainty and a possible shift in market sentiment.
- Trend Continuation Signal: In some cases, a Doji in the middle of a trend may signal a temporary pause in the market, suggesting that the existing trend could continue.
- Decision Point: Traders use the Doji as a cue to monitor the market closely. It can act as a decision point, prompting traders to assess other indicators and market conditions for confirmation.
- Support and Resistance Levels: A Doji near support or resistance levels can be significant. It may indicate a struggle between bulls and bears at these key levels.
- Combined with Other Indicators: Traders often use the Doji pattern in conjunction with other technical indicators to increase its reliability. For example, a Doji at a key Fibonacci level or in conjunction with a trendline might carry more weight.
- Risk Management: Recognizing a Doji can be crucial for risk management. Traders may tighten stop-loss orders or reassess their positions based on the uncertainty reflected in the pattern.
Because the closing price is so specific for a Doji pattern, we only report these at the end of the timeframe. The different alerts work on charts of different timeframes.
Default settings
Example
By default, this alert is triggered when a Doji pattern is created on a standard 5 minute candlestick chart. To align with each alert, it's essential to utilize the corresponding time frame on the chart. For instance, the 5 minute doji alert is visualized on the 5-minute candlestick chart.
What the alert shows you
The description column of this scan will display "5 Minute Doji", along with the specific type of doji, providing you with a clear indication of the specific alert that has been triggered.
Related alerts
Filters to pair with the 5 Minute Doji alert
Categories
FAQ
Which stocks are forming a doji candle on the 5 minute chart right now?
Turn on the 5 Minute Doji alert (DOJ5) in Trade Ideas Streaming Alerts. By default, this alert is triggered when a Doji pattern is created on a standard 5 minute candlestick chart.
What is the 5 Minute Doji alert?
A doji is a candle whose open and close are very close or identical, a sign of indecision between buyers and sellers. This alert checks 5 minute candles.
Is a doji bullish or bearish?
Neither on its own. It shows indecision. The next candle tells you more.
How close do open and close need to be?
Very close, so the body is tiny compared with the full range of the candle.
What does a doji after an uptrend mean?
Some traders see it as a sign the buying is slowing down.
Can I filter doji alerts?
Yes. Pair the alert with price, volume or relative volume filters.