Candles are not based on time period, but on volume. Default settings = 10mil
Used for visual indication of how much volume was transacted inside each session.
Used for:
- Volume indication
- POC and nPOC
- VAL and VAH
- Spotting a trend
After every 10mil volume transacted in the market, template prints the candle.
UTC TIMEZONE:
ASIA: 00:00 – 06:00
EUROPE: 06:00 – 13:30
US: 13:30 – 20:00
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