Hi Nomo,
for the purposes of the indicator, only the START of the pullback will be identified.
to summarize, to identify that pullback start candle, we look for a bearish candle (for long breakouts) and bullish candle (for short breakouts).
for the purposes of the indicator, only the START of the pullback will be identified.
to summarize, to identify that pullback start candle, we look for a bearish candle (for long breakouts) and bullish candle (for short breakouts).
DislikedCheelu
if you see this post, just do it at the next bar/candle - no biggie. I think will be better that way in order to create a code for the indi.
I just want to point out that people get all mixed up on counting how many candles they need to count for a pullback.
A pullback could have so many bars up to a point it could become a reversal...who knows???
You guys just need to focused on be in position in order to catch the follow-thru move...that's it..
hope it helps.Ignored