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Average Candle Length Trendline

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I developed an interesting indicator and share it with you. Generally, when the price goes up, the price movement within each minute will be large, and vice versa. Based on that, I created an indicator that averages the trend of candle length and displays it as a line. In order to display it on the screen, I adjusted it to change around the 200-day moving average. It will be a very useful long-short reference line. Based on this line, if the candle goes above this line, the candle length generally starts to get longer, so if you only hit longs, and if it goes below that, you will see a very high winning rate.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.