Candle Movement Monitoring:
This indicator is used to monitor the movement of the previous candle from 1m to 1D timeframe.
Hey, this indicator looks very intersting i i think i will try it out. But i have one question. What does the numers 3,2,1,0 mean?
Hi ! Thank You for the indicator . Greatly appreciatiated .
The Min and Max numbers , are they based on the pips movement ? I think it's the amount of times the price excedes the prior price ( average price ) . Is that right ?
Thank you and all . Peace . God Bless
Yes, you are truly right. The min ,max and ave are counted from candle movement in pips (High-Low). With the rule below :
7. The number above 1D, are counted from 5 previous candle 1D (daily).
For the example,