Does anyone know of an indi which would sound an alarm at the close of a "Long Candle"? By "Long Candle" I mean a candle that is noticeably longer than the average of the last, say, 40 candles.
I guess it could also be calculated as an alarm going off when a candle is 10 pips longer than the ATR(40).
So, if the average of the last 40 candles is 20 pips, an alarm would ring if a candle closed at 30 pips.
(Basically, looking to be alerted when an Ignitor Candle forms).
Does that make sense?
Thanks.
I guess it could also be calculated as an alarm going off when a candle is 10 pips longer than the ATR(40).
So, if the average of the last 40 candles is 20 pips, an alarm would ring if a candle closed at 30 pips.
(Basically, looking to be alerted when an Ignitor Candle forms).
Does that make sense?
Thanks.