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Candle Session Indicator
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Author:  SteveT [ Sat May 04, 2019 9:55 pm ]
Post subject:  Candle Session Indicator

Hi

Just wondering if anyone has this indicator for crappy Empty4. (see attachment)

I have google searched but can not find anything.

This Reversal Indicator is based on Japanese candlestick counting. An underlying trend is established by comparing consecutive down/up candles to identify the Record Session Low/High. Thereafter a sequence of opposite moving candles based on High/Low breaks are recorded until the maximum count is reached or until a new Record Session Low/High is found. Potential reversals tend to occur at counts of 8, 10 or 13!
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