Zeiierman Trading » Indicators » Free Indicators » Trend shift Candles

Trend shift Candles (Expo) identifies where the market characteristics change. Trend shifts often occur in these areas. This is visualized with white candlesticks and Zones.

-> When the market enters a positive trend the candlesticks become green and when the market enters a negative trend the candlesticks become red.

-> The user can choose which timeframe to use. Vwap can be enabled as an input source instead of using price.

-> Please play around with the settings, I haven’t set them to any specific values.

HOW TO USE

1. Use the indicator to identify the direction of the trend.
2. Use the indicator to identify trend changes.

 

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March 25, 2023

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