Indicators: Tail_Bar

 

Tail_Bar:

The indicator of difference between high and low tails of a candle.

As we know, stars give evidence of the beginning of price reversal. But a candle with asymmetric "tails" can appear instead of a star, which is also an evidence of a fight between "bulls" and "bears".

Fig.1. Tail_Bar Indicator

Author: Nikolay Kositsin