๐ฏ๏ธTrend Candles
Identifiez la tendance en un coup d'ลil !
Last updated
Identifiez la tendance en un coup d'ลil !
Last updated
Problems: Many traders think that green and red candles can be misleading. Some reverse the colors (red for bullish candles and green for bearish candles), others use only one color, etc.
That's why I'm offering this indicator which allows you to erase the bullish or bearish sentiment, to focus on the price action.
Don't forget to bring the indicator to the forefront:
You can also disable the basic colors: Go to Chart settings > Symbol. Then deactivate "Body", "Border" and "Wick".
The Trend Candles indicator allows you to identify very quickly the trend of an asset, you can choose among different calculation modes:
Single color,
Four colors (two for uptrend, two for downtrend),
Five colors (four colors and a neutral zone),
Four colors in gradient.
Meaning of the colors:
Dark purple: strong trend/overbought,
Light purple: upward trend,
Light grey: neutral trend,
Light orange: downward trend,
Dark orange: strong trend/overselling.
To date, two calculation methods are being tested for the "Wyckoff line
When analyzing the market with the Wyckoff theory, it is often difficult to spot the different phases of manipulation. Displaying the price as a line can be a good idea. However, the price line based on candlestick closes hides a lot of information.
That's why I created this indicator that facilitates the reading of Wyckoff, as you can see, the manipulation phases are more easily detected.
Be careful to spot an Accumulation or Wyckoff Distribution, you must be on the right time unit!
