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UnFilled Order Candle

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CONCEPTS

UnFilled Order is a trace of institutional position in the price action. We use UnFilled order as Supply & Demand magnet that usually indicate remaining big limit orders that can not be absorbed by the market due to the speed of price change that makes an absence of buyers/sellers in the area.

UnFilled Order formed in pattern such as Rally-Base-Rally, Rally-Base-Drop, Drop-Base-Drop, or Drop-Base-Rally. Base has small body candle compared to its near candles.

DETAILS & EXAMPLE OF HOW TO USE

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On Nasdaq chart, the light green indicate bull candle base, and orange indicate bear candle base. It appear in the middle of strong Drop-Base-Rally and never touched after that. Place buy limit on the proximal (upper) level as entry.

FEATURES

  • Adjustable body candle ratio


LIMITATIONS

  • The Indicator should be combined with other higher timeframe analysis method to determine bias and trend.

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.