Candle number indicator

$2.00

A simple indicator that signals the appearance of n candles. The signal appears when the nth number of candles is formed on the market (you choose the number n yourself), which signals a strong trend and a possible reversal. For example, 5 bullish candles formed in the market, 3 of which are large (relative to context) – then you will see a signal.

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Description

A simple indicator that signals the appearance of n candles. The signal appears when the n’th number of candles is formed on the market (you choose the number n yourself), which signals a strong trend and a possible reversal. For example, 5 bullish candles formed in the market, 3 of which are large (relative to context) – then you will see a signal.

Input parameters

  • Number of Candles – the number of candles needed
  • Filter ON / OFF – enable / disable filter
  • SMA Period – SMA period used in the filter
  • Number of big candles in filter – the required number of “big” candles to trigger the filter
  • Give signal – give a signal

A filter for large candles is available. Big or not – the decision is made based on the moving average period.

The filter works by the principle of finding m large candles among n candles of the same color (direction).

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