I am posting a screen shot of the wick length of the Heiken_Ashi_Smoothed indicator. The reason I am asking these questions is I think this indicator is about as close to the "holy grail" as I think I will find!
It is truly an amazing method to rid the whip saws and keep you in a trending trade. If not for finding this indictor I was ready to throw in the towel.
I thank the developer of this smoothed indicator and the author of this thread!
Now for my questions.
1. Obviously a bigger candle body a bigger move but what does the upper wick tell us about the trend strength?
2. Why are there so many upper wicks compared to almost non-existent lower ones?
Any help would be greatly appreciated!!!!!!!
Steinitz
Attached Imageshttp://www.forexfactory.com/attachme...1&d=1172579069
It is truly an amazing method to rid the whip saws and keep you in a trending trade. If not for finding this indictor I was ready to throw in the towel.
I thank the developer of this smoothed indicator and the author of this thread!
Now for my questions.
1. Obviously a bigger candle body a bigger move but what does the upper wick tell us about the trend strength?
2. Why are there so many upper wicks compared to almost non-existent lower ones?
Any help would be greatly appreciated!!!!!!!
Steinitz
Attached Imageshttp://www.forexfactory.com/attachme...1&d=1172579069