DRodriguezFX

Consecutive Candle Count

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Adaptation of http://www.fxcmapps.com/trading-station/consecutive-bars/ from FXCM's Marketscope
Coded by David Rodriguez, Quantitative Strategist for DailyFX.com
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study("Consecutive Candle Count")
barup = close > close[1]
bardown = close < close[1]
plot(series=barssince(barup)*-1, title="Consecutive Bars Down", color=red, style=histogram, linewidth=2)
plot(series=barssince(bardown), title="Consecutive Bars Up", color=green, style=histogram, linewidth=2)
//Adaptation of http://www.fxcmapps.com/trading-station/consecutive-bars/ from FXCM's Marketscope
//Coded by David Rodriguez, Quantitative Strategist for DailyFX.com
a significant modification would be X # of bars lookback total.
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This is probably the simplest way to guage a trade, thanks for the indicator,,,, it is making me money !!!!! in Binary Options
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steviaggi binaryking
@binaryking, how do you use this indicator (timeframe, social, success rate%)?
+1 Reply
Thank you for sharing, I even saw a video from FXCM about this indicator (can't find the video right now).

I'm currently using a version which ChrisMoody coded 13 months ago:

Custom Indicator Clearly Shows If Bulls or Bears are in Control!
+3 Reply
Thank you for sharing guys!
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