Monthly timeframe Pink
Weekly = Grey
Daily = Red
4hr = Orange
1hr = Yellow
15min = Blue
5min = Green
4 candles, 6 Levels, & MarketMeta
A Range = 2 or more candles in the same direction, either Accumulation ranges, Distribution ranges or Single candles which are ranges on lower timeframes.
the 4 candles are:
2 from the Distribution Range - BackSide (BS) which is the first distribution candle in the range. It has an expectation to have a strong influence on price when price is above it. If price is below the BS level, price enters the distribution range and the BackSide level acts as resistance to keep price down in a distribution trend.
The FrontSide candle (FS) is the last distribution candle is the range. the bottom side wick is the swingLow level and distribution range boundary. A FrontSide candle has an expectation to create an accumulation trend and keep price above the swingLow.
The other 2 candles are in the accumulation range and the exact opposite of the BS & FS level so they are labeled Inverse BackSide (Inv.BS) & Inverse FrontSide (Inv.FS)
Weekly = Grey
Daily = Red
4hr = Orange
1hr = Yellow
15min = Blue
5min = Green
4 candles, 6 Levels, & MarketMeta
A Range = 2 or more candles in the same direction, either Accumulation ranges, Distribution ranges or Single candles which are ranges on lower timeframes.
the 4 candles are:
2 from the Distribution Range - BackSide (BS) which is the first distribution candle in the range. It has an expectation to have a strong influence on price when price is above it. If price is below the BS level, price enters the distribution range and the BackSide level acts as resistance to keep price down in a distribution trend.
The FrontSide candle (FS) is the last distribution candle is the range. the bottom side wick is the swingLow level and distribution range boundary. A FrontSide candle has an expectation to create an accumulation trend and keep price above the swingLow.
The other 2 candles are in the accumulation range and the exact opposite of the BS & FS level so they are labeled Inverse BackSide (Inv.BS) & Inverse FrontSide (Inv.FS)
Nota
used the daily median range to break the 4hr distribution trend. Nice work, price
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.