All I know is I want my CZ's to have at least 30 M15 bars, and I want them to be less than 30p tall. My indicator defaults are set to 30 bars, so anything less won't even pop up on my radar screen. Saves a lot of time that way, trust me.
CZ's with 40 bars get my attention even more.
CZ's under 25p tall do too.
42 bars and +/-20p tall is enough to make me lose sleep over.
There can be any number of refinements to this process, but the underlying principle remains the same: The shorter the CZ, and the longer CZ, the better we like it. There's no need to over-analyse. It really is just that simple.
CZ's with 40 bars get my attention even more.
CZ's under 25p tall do too.
42 bars and +/-20p tall is enough to make me lose sleep over.
There can be any number of refinements to this process, but the underlying principle remains the same: The shorter the CZ, and the longer CZ, the better we like it. There's no need to over-analyse. It really is just that simple.
To improve is to change. To perfect, is to change often.