I need a indicator for a trend I have found in the GBP/JPY pair. Watching a 30 minute candle stick chart, if the last candle closed up/green and the current candle moves down/red below the Low of the green candle, then it will continue to move down for a minimum of 10 pips or more (usually more), either on that candle or the next. This is also true the other way, if the previous candle closed down/red and the current candle moves up/green above the High of the red candle it will continue the same as before.
You can go back and look on the 30 minute chart to confirm this. So if anyone is interested in making this indicator, please let me know. Oh and I would like the indicator to be a Arrow showing the up or down movement.
Thanks!
You can go back and look on the 30 minute chart to confirm this. So if anyone is interested in making this indicator, please let me know. Oh and I would like the indicator to be a Arrow showing the up or down movement.
Thanks!
