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Bullish and bearish candle trend alert indicator

March 27, 2015 11:52 am

Alpha-trend-spotter is a strong trend indicator and provide us trend signals about future candle. We are now use to this indicator as a trend alert of next candle. All candles work as a bullish and bearish trends, if trend strong in bullish position then maximum candles of bullish trend and if the strong bearish position then maximum candles of bearish trend, so we use this indicator to find a strongest trend for every next candle.

trend-alert-indicator

trend-alert-indicator

How to determine the next candle trend

  1. RED BAR means Bearish Trend for the next candle;
  2. GREEN BAR means Bullish Trend for the next candle;
  3. ORANGE BAR means Sideways Trend for the next candle.

Recommendations

If we are using D1 timeframe, see the last candle. If the bar is RED candle, open short/sell for today.

If we are using H1 timeframe, see the last candle. If the bar is GREEN candle, open long/buy until next hour.

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