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Candle Number Analysis

3 325
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.
Notes de version
- Change of names appearing in the table
Notes de version
- Changes of the structure

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.