Very interesting indicator.
D1 timeframe. Candles.
An other one.
- HistCountBars - how many bars indicator will count;
- DeltaBars - number of the bars (days) for the calculation of the average length of candle;
- MoreThen - percentage of average length of candle which we will use;
Select your color for this indicator to be visible on the chart (according to your preference).
Dots are the strong bars and arrows after that are the signals to enter.
Yeahm indicators are sure interesting, you got the from Viac forum if I am not misteken, only could you explain how to use the iTest indicator ? It is not quite clear ...
It was the post on viac forum like this: "look what I found seems interesting but does anybody know how to use it exactly?". And the person who found this indicator (inside his computer) e-mailed to the author but nobody replied.
So, I just posted.
Yeah I remember the post itself, I was running trough the whole thread there.
Too bad now one knows how to set it though.
There are three kind of dots there, in the iTEST indicator, so it would be logical to assume that one is buy one is sell one is target, or close. Instead of buy sell they could indicate bearish or bullis bars ?
Candlestick trading indicators?
Anyone know of any indicators that can say put an arrow on the price chart when a candlestick formation occurs.
For example indicating, bearish/bullish engulfing patters / hanging man/ hammer/ harama cross / shooting star / three white soldiers / three black crows.. etc....
I think it is pattern recognition.
thanks very much I will test it out when I get home.
Does anyone else use candlestick patterns as a indicator?
Yes i use them in conjunktion with trendlines and horizontal lines
using candlestick pattern ... u can predict next move more better than using other indicator..... i love candle...!!!
Custom Candle indicator: we may have M15 candle on M5 chart, or H4 candles on M1 chart, or < D1 candles on < H4 charts.