It's just a very simply version.
Color even not very correct. I didn't write the price expand or other condition.
It's welcome if other guys want to write a full version.
If this kind chart is not from western.
Then I think it's qianlong platform's indicator. (QianLong means Money Dragon)
If you know the origin of tower line pelease comment to tell me. :3
U1 & D1 is for 2 bar break.
main stick is always drwan by close & close
If price is not u1 && d1
We use these rule.
If price after u1 then stop to break we still color it blue but make it flat top.
draw close & close
If price after d1 and stopped break we color it orange.
But the important thing is the color fill thing.
We need to adjust the color and fill...
Previous I'v already writed something about it.
I'v updated the detail in comment. In case you guys might not read it. I'm writing this new article
2bar's range break
U1=close>=close and close>=close ? 1 : 0
D1=close<=close and close<=close ? 1 : 0
Draw them with the color you like.
U1->D1 or d1->u1 1st break. Fill the lower gap under the break to...
It's something about two close price reverse.
It draw within bar.
Rule is within previous bar but higher than previous second bar.(In upmove)
Or within previous bar but lower than second previous bar.(In downtrend)
The within move is all flat.
All within bar's price is same when price first stop move.
Chart looks like this.
The interesting thing is that when...
I have been feeling bullish for a while now, and there are a lot of false signals out there, but after bitcoin cash popped, I felt something was different. So, I have been on the bear train for a while now, and I have been saying I'm pretty bullish a person, so here is my bullish take on bitcoin right now. Because this is going to be a change in market direction,...
Hello Traders, AUDCHF pair breaks the correction now creating impulse in downside and also thois pair follow the down trendline channel , now open sell orde in the breakout level.
CMP Entry: 1.69322
Take Profit : 1.59423
Stop loss : 1.73045
Risk Vs Reward: 1:2.72