- basically, if you are in a consolidaiton phase, the dots (which show up either under or over the candle) end up being kind of scrunched together -- a nice visual indication that you should not be in the market
- then, as a trend kicks in and the price climbs, the space between the dots on those candles widens, a confirmation that the trend is moving up (or down) ...
- then, when you see the dots narrowing again and scrunching together again, you know the trend is fizzling out and be looking to exit
- any info would be appreciated
Thanks for the tip.
are you asking what the indicator is called? if so it's parabolic SAR
would u mind elaborating more on wat a parabolic SAR is? im sorry but i just started forex and im currently reading a book on japanese candlesticks
Here is one that is in a seperate window that will do what you are asking for.
New version I think