This is a demo version of the Candle Absorption Full indicator. It has restrictions on work.
The indicator finds the “Absorption” candle pattern and draws the corresponding signal for entering the market.
- Consider candles without a body-a parameter that is responsible for the ability to consider candles without a body (doji). By default, no.
- Consider absorption in 3 candles-a parameter that is responsible for the ability to take into account the absorption on the 2nd candle, and not only on the 1st, as is customary. By default, no
- SMA Period – the period for the moving average
- SMA Filter ON/OFF – enable / disable the SMA filter
- Number of trend candles before absorption-a parameter used for filtering signals. It is responsible for the number of required candles of the same color before the absorption pattern. The default value is 1.
- Inform about finding the signal-the parameter responsible for receiving notifications (Alert) about the found signal. By default, no
- Perfect Absorption-enable / disable perfect absorption (when the body of the first candle is completely absorbed by the second candle)
- Persent of Absorption 1 = 100% – The minimum percentage by which the second candle should be larger than the first one.