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Candle Number Analysis

3 468
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.
Nota Keluaran
- Change of names appearing in the table
Nota Keluaran
- Changes of the structure

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.