Candle Number Analysis
Author: Marek Zatwarnicki
Inspired by: -
Category: Technical Analysis
Type: Indicator
Timeframe: 4H - 1MONTH
Index: ALL
About:
The indicator allows to examine the number of historical occurrences of candles in a given color, evaluate the risk and analyze returns of the next candle.
How to use:
Check with plotline how many candles of a given color have occurred so far and use the table to evaluate the risk.
Formula:
- Returns - ((close / open) - 1) * 100
- Returns Culminative - close / open
Overfitting: Overfitting free. Research only.
Disclaimer: Past good results do not guarantee future trading success. Please use the algorithm with caution and support it with your knowledge. Published algorithm decisions are not financial advice.
Inspired by: -
Category: Technical Analysis
Type: Indicator
Timeframe: 4H - 1MONTH
Index: ALL
About:
The indicator allows to examine the number of historical occurrences of candles in a given color, evaluate the risk and analyze returns of the next candle.
How to use:
Check with plotline how many candles of a given color have occurred so far and use the table to evaluate the risk.
Formula:
- Returns - ((close / open) - 1) * 100
- Returns Culminative - close / open
Overfitting: Overfitting free. Research only.
Disclaimer: Past good results do not guarantee future trading success. Please use the algorithm with caution and support it with your knowledge. Published algorithm decisions are not financial advice.
Release Notes:
- Change of names appearing in the table
Release Notes:
- Changes of the structure