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Candle Breakdown

PostPosted: Fri Feb 09, 2018 6:00 am
by Apprentice
USDSEK D1 (02-09-2018 0950).png

If "Add Body" is on and Add Wick is off.
The indicator will be the sum of up and down Candle Body in last N periods.

My initial assumption was.
Down wicks give bullish signal.
Up wicks give bearish signal.

Observation did not confirm this assumption.

I noticed wicks are contrarian signal,
therefore inverse logic has been used.

If used wicks are added fo sum.
Candle Breakdown.lua
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