yisrael wrote: Sun Dec 12, 2021 12:25 am I made point 3 a bit clearer...
Here is some chart analysis.
The indicator works by confirming a big move...after that it is theorized a big move will follow (I don't remember how the indicators works...I wrote it 1 and a half year ago...it has to do something like breaking the standard deviation of the ATR ...ANYONE WANTS TO HELP WITH THIS I WILL BE GLAD TO GIVE HIM A LIKE)
The purple line to the left shows a sentiment gone wrong...
THE purple line to the right show correct sentiment...see the candles that are bullish...that means the traders have made a retracement by closing half of there position...see what follows ...omg another big BEARISH candle...the bears ride the steam