Indicator based on strategy shared by Nimblr in Elearnmarket Face to face interview Red Circle means "Indecision" (I) Green Plus means "Momentum" (M)
Informacje o Wersji
⋅
There are only possibilities for this either the candle will be indecision or momentum. So removed indecision filter Also removed naming to make charts more clean.
Informacje o Wersji
⋅
Indecision candle is defined as (open-close) < 0.15*(high-low) And that candle is marked with red circle and 'I'
Informacje o Wersji
⋅
Now a user can defined percentage of Momentum and Indecision Candle. Default value of Momentum candle is 50% of (high-low) and for indecision candle is 15% of (high-low).
how to use it. How to trade based on this.? Pls guide
pranavchess
⋅
Hi @ymehta50 What is the exact formula for Tiny indecision candle? According to your logic, for 6Nov2020 MCXGOLDEX is an indecision candle but not a tiny candle. But in the video (elearnmarkets numblr) that candle was tiny indecision candle as well. Plz clarify.
Anisha2007
⋅
Thanks 👍 for such a lovely indicator that saves us from doing tons of calculation, and being more productive. Thanks again!
obaid78
⋅
Great job , it has all the needed elements and also the chart looks neat.. probably the best among the available on Nimblr. Many thanks
mi37
⋅
Sir Can u also Code for tiny indecision Candle Please?
ymehta50
⋅
@mi37, if its not momentum candle then its indecision candle
krsna
⋅
@ymehta50, Tiny indecision candle is indecision candle and also satisfies (H-L)/OPEN*100 < .15%.
restoff2
⋅
@krsna, Abv code takes case of both. For indecision there is no marking, and if it is Tiny ( ofcourse Indecision) it is marked by I