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Inside_LegUp_LegDn_Candles
This study is very simple. An IO member asked me to create it for their own strategy. It is useful for visualizing acceptance/failure in price exploration. I find it most useful in 30 min and 15 min time frames. The candles will automatically color based on the close of a candle and will tell you more about price action than your order flow candles.
Order flow has a lot of information/details, but I like the way these candles visualize automatically and I don't know c## so can't create this on ninja.
Leg Up means close is above previous High
Inside means close is inside previous candle, but price explored outside previous candle
Leg Down means close is below previous Low
Base means entire current candle is inside previous candle price action
Category
ThinkOrSwim
Details:
Inside_LegUp_LegDn_Candles
Category:
ThinkOrSwim
February 24th, 2018
Size: 1.01 KB
Downloaded: 446 times
Keywords:
candle
down
inside
up
leg
base
1960
zkendr
Comments/ratings
Leefjl
November 9th, 2018 08:19 PM
No Comment
Phoenix1
May 16th, 2019 09:07 AM
love it, thanks
leftytennis
November 15th, 2020 01:33 PM
No Comment
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