A simple indicator that signals the appearance of n candles. The signal appears when the nthnumber of candles is formed in the market (the number of n you choose yourself), which signals a strong trend and a possible reversal. For example, the market has formed 5 bullish candles, 3 of which are large (relative to the context) – then you will see a signal.
- Number of Candles – the number of required candles
- Filter ON/OFF – enable / disable the filter
- SMA Period – the period of the SMA used in the filter
- Number of big candles in filter – the required number of” big ” candles to trigger the filter
- Give signal – issue a signal
A filter for large candles is available. Large or not-the decision is made based on the period of the moving average.
The filter works on the principle of finding m large candles among n candles of the same color (direction).