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Candle Number Analysis

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.
Note di rilascio
- Change of names appearing in the table
Note di rilascio
- Changes of the structure

Declinazione di responsabilità