Candle Strength Indicator

22 ביולי 2022

The candle strength indicator depicts the average strength of the price action by evaluating bullish vs bearish candles.

The scale is relative to price fluctuation and the size of the candles for the particular ticker / market, so there are no significant levels.

A cross on the zero line would generally indicate a change in trend / sentiment.

This indicator may be useful as a filter for entries and use in confluence with other indicators.

25 באפר׳ 2023

הערות שחרור

Updated with divergence indicators