EN:
Close Open Estimation ( aka COE ) is a very simple swing-trading indicator based on even simpler idea. This indicator is from my educational series, which means that I just want to share with another way to look at the market in order to broaden your knowledge .
Idea :
Let's take n previous bars and make a sum a of close - open -values of each bar....
Today I propose a simple indicator to get an idea of market sentiment
Color distinctions are as follows
-White background = Bollinger Band Squeezed
-Purple columns = Total candle length wick to wick
-Lime columns = Green candle body length
-Red columns = Red candle body length
-Yellow columns = Wick to wick size higher than the previous candle by defined %, this...