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Indicators: i-OneThird

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Automated-Trading
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Automated-Trading 2014.06.06 15:47 

i-OneThird:

The i-OneThird indicator draws candlesticks that correspond to the bullish and bearish patterns (in the style of Heiken Ashi).

The difference between High and Low of a candlestick is divided into 3 parts. The indicator determines the pattern by the way, which one third of the candlestick contains opening, and which one contains closing.

Figure 1. The RickD indicator

Author: Nikolay Kositsin

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