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Pullback Viewer is designed to show valid pullback points in a bearish or bullish trend. What is considered a valid pullback? A valid pullback needs to have a body close outside the previous candle high (in a bearish trend ) or previous candle low (in a bullish trend ). If the candle wicks out the previous candle, it's not a valid pullback. Pullback must liquidate the previous candle with a clean candle body close. When is this indicator useful? It's useful to
Pullback Viewer is designed to show valid pullback points in a bearish or bullish trend. What is considered a valid pullback? A valid pullback needs to have a body close outside the previous candle high (in a bearish trend ) or previous candle low (in a bullish trend ). If the candle wicks out the previous candle, it's not a valid pullback. Pullback must liquidate the previous candle with a clean candle body close. When is this indicator useful? It's useful to