This is the simple version of the visual exercise. You will be looking at the relationship between price and TFC on the 1 minute chart as it interacts with the opening of the 1 Hour candle
The Indicator used here is TCG STRAT 2 by The Chart Guys but any indicator that shows TFC on multiple time frames will work.
1. Choose a 1 hour candle. Here I chose the 12:30 to 1:30 candle on the 27th of June 2022 for TSLA (Candles with wicks will be better for this since they are range candles and tend to move across your line more)
2. Draw a line marking level where the 1 hour candle opens.
3. Go to the 1 minute chart.
4. Draw a box from the first 1 minute candle to the last 1 minute candle inside that 1 hour period
5. Using the replay function on the 1 minute chart go to the first candle on that 1 hour block and hit play.
6. Watch how every time the price is over the line you drew, the indicator shows the H as green and with (up) TFC and when its below its down and red.
The Indicator used here is TCG STRAT 2 by The Chart Guys but any indicator that shows TFC on multiple time frames will work.
1. Choose a 1 hour candle. Here I chose the 12:30 to 1:30 candle on the 27th of June 2022 for TSLA (Candles with wicks will be better for this since they are range candles and tend to move across your line more)
2. Draw a line marking level where the 1 hour candle opens.
3. Go to the 1 minute chart.
4. Draw a box from the first 1 minute candle to the last 1 minute candle inside that 1 hour period
5. Using the replay function on the 1 minute chart go to the first candle on that 1 hour block and hit play.
6. Watch how every time the price is over the line you drew, the indicator shows the H as green and with (up) TFC and when its below its down and red.