Trend Reversal Candles (TR)
Trend Reversal candles
– 2 types of TR candle
o trending bar
o reversal bar
– Candle is marked like this: TR44-26
o TR = Trend reversal
o numbers means ticks of trending candle and reversing candle.
– Candle is printed after every 44 ticks in favor with trend of previous candle.
– Reversal candle is printed after every 26 ticks that goes against the previous candle trend.
– Wicks goes against the candle all the time.
– You will never ever see green candle with wick to the upside
– You will never ever see candle with wick to the downside.
– Candles that are so called over-extended are REVERSAL candles with DELTA and DELTA % that is opposite than candle direction.
– E.g: RED REVERSING candle with 1.5m positive DELTA with 85% DELTA %.