Reply To: Transient & Recurrent Zones

[ LearnAlways ]March 11, 2015 at 3:01 pm #5669

Participant

Because of price recurrent characteristics, wicks are formed? So maybe the clue lies in candlestick wicks?

Using kprsa Recurrent Statistics v4.3 we can use “Resolved possible transient zone UP/DOWN” arrows to detect momentum, stats set at h left =1, h right =4. (based on simplex stats) (with a filter condition only when UP = arrow is getting higher and higher & DOWN = arrow getting lower and lower)

Can k value be a range in the distance of pips between the candlestick wicks? E.g. Distance between H4 wicks measured in pips(range)?

Pls see attached pic (Yellow lines drawn in H4 TF manually to illustrate price momentum and wicks retracement.

Just for discussion, pls pardon me if I’m wrong, thx.