Indicator based on strategy shared by Nimblr in Elearnmarket Face to face interview Red Circle means "Indecision" (I) Green Plus means "Momentum" (M)
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There are only possibilities for this either the candle will be indecision or momentum. So removed indecision filter Also removed naming to make charts more clean.
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Indecision candle is defined as (open-close) < 0.15*(high-low) And that candle is marked with red circle and 'I'
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Now a user can defined percentage of Momentum and Indecision Candle. Default value of Momentum candle is 50% of (high-low) and for indecision candle is 15% of (high-low).