Works, great in a lower momentum charts. Higher momentum it gets tooo frisky. In case of 2014 dump, signal should have happened on 9-19. or 9-22. Spy Was too choppy in september. Like is said. not a holy grail. But close to it.
Hey UCS, just a question. On a software that is not tradingview.com, how would I go about identifying these up and down candles using traditional indicators? Is it Mom in conjunction with another? What conditions have to verify for the candle to be printed, again, using traditional indicators. I'm following some stocks in Europe and tradingview does not have those stocks available.