Normalized Candlestick
- Indicators
- Yosi Malatta Madsu
- Version: 1.0
Normalized Candlestick shows candlesticks which are filtered by volatile price action activities.
It filters big price movements that caused by big players and news.
It shows candlesticks based on actual psychological reason to go up or down in normal circumstance.
It was originally made to find actual reversal points that depends on support and resistance levels.
But big players and news can cause price to be volatile and move support and resistance to new level dynamicaly.
In order to normalize the movements, both the cause have to be filtered.
By doing so, support and resistance level based on our candlesticks can easily being used to take more precise reversal entries.
It can be used from 1H or lower.