DislikedDigger,
A master candle is one that is the main candle and each following candle is inside that candle. This is otherwise known as inside bars or inside candles. I have an indicator which quickly and easily shows them. Take this daily chart for example. The candle with the 3 on the bottom is the master candle noted by the small green line above and red line below. The following 2 candles remained within that master candle. Hope this helps.
C.Ignored
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,523 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,523 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,523 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,523 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,523 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.