StockSwinger

(7) Candle Body Size VS-169

Longer bodies indicate more intense buying or selling pressure fueled by strong sentiment within the traders of this equity.  Because long candles are both reflecting and indicating momentum within this stock they can be utilized to infer that the trend aligning with the current direction will continue.   The very strongest candlestick pattern is called three soldiers and refers to three long candles each with a higher high and higher lows.
 
Wide range candles can be excellent indicators of extreme fear and greed. "The trend is you friend," has always been excellent trading advice, but when you see a large or long candle, it is confirming the near term trends directions and provides very good coverage to your trade. 
When you see compression dots, start watching all of the other Genie indicators for entry signals. When you find a conformation signal or Candle Body Size displays an expansion dot signal your long entry or short entry decision will become easier and can be made with a higher level of confidence. Turning points are statistically much more likely to occure during small candles ranges. Short candlesticks indicate a diminishing level of interest, extending to and including indifference.

When you see long candles at the same time your volume indicator is demonstrating significant increase in volume, you are seeing a dramatic shift in the underlying sentiment of this stock which will directly translate into corresponding price changes in the same direction.

Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.

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