OPEN-SOURCE SCRIPT

Bars Characteristics

1 188
This code is for defining or explaining market conditions via micro trend and the characterized bars.

lines 5,6: show the conditions for a normal trend, means market can go in the direction that it has in the past.

lines 11,12: show the conditions for kind of the trend having cumulative energy itself, mean market can go in the same direction.

lines 18,19: show the conditions for kind of the trend having overbought/sold concept, means it's better exit from the market or to look for the other clues.

lines 24,25: show some kind of noise not a stable trend, it's better not to enter the market.


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