thanks a lot, Hazelj!
i found that the reversal signal from this indicator on H1 timeframe seems significantly accurate. e.g., if we see a few green bars ranging, then suddenly 1 red bar with a longer candle height (and obvious low of gray cross on this bar). at this point, sell basket entry is very reliable if IA indicators do not contradict the sell.
however, now it comes back to the question that i forgot to mention: is it reliable for H1? that's what i need
i found that the reversal signal from this indicator on H1 timeframe seems significantly accurate. e.g., if we see a few green bars ranging, then suddenly 1 red bar with a longer candle height (and obvious low of gray cross on this bar). at this point, sell basket entry is very reliable if IA indicators do not contradict the sell.
however, now it comes back to the question that i forgot to mention: is it reliable for H1? that's what i need
Dislikedyes, basketbars is not accurate on lower TF's but then again, if you really know about pinbars, you would not try to trade them on lower TF's at all. like i said, you'd be shooting yourself in the foot and the big guys dont trade lower than H4. neither do IIgnored