The TVATVP indictor works in simple terms by basically stacking all red and green candles on top of each other within a specific period. In this example, the time period is outlined within the yellow rectangle and within that timespan consisting of 1 hour candles, the bearish candles are 50% greater than the bullish candles.
What does this simply suggest? Well... it suggests traders are starting to offload bullish positions in anticipation of something. But what exactly are they anticipating? Don't tell me just a simple breakout from the wedge??
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Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
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It just means the price has gone down. The difference between summing the red and green candles is simply the price difference over the time period.
For the time period selected the price dropped so more red then green, simples.
Wouldn't try reading anything else into from that angle alone.
For the time period selected the price dropped so more red then green, simples.
Wouldn't try reading anything else into from that angle alone.