aldomcfaldo wrote:Relativity wrote:aldomcfaldo wrote:I don't know if this has much to do with this analysis but we know that for a red candle the low is made first around 80-90% of the time and the same for a green candle, the high is made first. Bredin has an indicator that shows the stats, II_OEF (opposite extreme first).
Red Candle? Green Candle? D1 or W1? I don't mind checking it out.aldomcfaldo wrote:Relativity, what do you mean by 'winners wick + winners body'?
Do you see where and when is it more likely to form? At least in the ideal world, it won't be always like this. But if we have a reasonable idea to work off + the stats do support the motion, why not?
Simply any candle, hourly daily weekly monthly. So for a weekly candle that closes higher than the open the low price of that candle will be made before the high price of that candle 80-90% of the time. We still need to determine the direction though. So if we are a green or red rat we know when to buy or sell our stay away. For me direction comes from the higher time frame chart. If the daily is moving up I'll be buying at 20 pips from the daily lows.
I see what you mean. Yes then your observation + Bredin's indicator does match with my findings.