I really like this candle pattern and it seems to show a good essence of weakening of the trend. This pattern is basically where there is a set of three candles of the same colour on an uptrend or downtrend getting smaller each time.
Ideally the last candle should have a nice longer shadow.
This is a good description of the pattern - http://www.litwick.com/indicators/1202.html
Here it is.
Anyone know where i can find this type of indicator? or if anyone would be willing to code it?
Ideally the last candle should have a nice longer shadow.
This is a good description of the pattern - http://www.litwick.com/indicators/1202.html
Here it is.
Attached Image
Anyone know where i can find this type of indicator? or if anyone would be willing to code it?