CANDLE COLOR DESCRIPTION - TradeTheMBI1

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CANDLE COLOR DESCRIPTION

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BUY/SELL-A PAINTBAR CANDLE TRIGGER CONDITIONS


YELLOW CANDLE COLOR:
Considered a Buying configuration.
Green DOC crosses above Red. Red & Green is less than -7.5.Green is above White. Within the last 8 bars Steel has made a down pivot and current steel is greater than at the pivot value.



MAGENTA CANDLE COLOR:
Considered a sell warning setup of selling.
From above Green crosses below Red while Cyan crosses above Green.Red is greater than -2 and Steel from above has also crossed below Cyan. Cyan is greater than both Red and White .

WHITE CANDLE COLOR:

Considered a Buying configuration.
A Green up Pvt under the value of -13.5. Steel is higher than the last Steel Bar and 1 bar ago Steel crossed above Cyan.

CYAN CANDLE COLOR:
Considered a short term Buying Configuration (1-3) Bars
Extreme Histogram is -20 as a base and then is rising meaning moving to a higher number (-10 Example). Steel is greater than Steel 1 bar ago and Steel is less than 7.5


DARK RED CANDLE COLOR:
Considered a broader sell signal requiring green to cross cyan to revoke or steel above +13.5. The formula for when the Dark Red appear begins at a stated value of -30 and grows. The higher the number the more extreme the fractal move but a failure of price to match a high number by a large decline is an indicator of slowing short power.

 
 
 
 
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