Indicator Value = +1, color = greeen,
ELSE Indicator Value = -1, color = red
Indicator tells me
* The trend is up if more green dots in a row, one after another
* How many dots in a row close were up or down.
* If alternating dots then ex one dot red one dot green, neither up or down is strong, there is a battle, Reverse should come.
I dont know If there is more info that can be extracted by studying dots patterns. Please suggest me more ideas. The idea is new and I would like to make it better.
//@version=2 // strength of trend the more dots in row // by gerasimos mouzakitis // build 5 27 Sep 2015 study("close up (greeen) OR close down (red)") s1 = close > close ? 1 : -1 c = s1 == 1 ? green : red plot(s1, style = circles, linewidth = 3, color = c)