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I generally refer to Strength Candle.
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What I mean is ?
..
1/n
If they are in the ratio BH>50%CH i.e. Body Height is more than 50% of the total Candle Height, term it as Strength Candle.
2/n
For those who wish to focus on basic then let me cover ...
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What is a Candle Height ?
3/n
What is a Candle Body?
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4/n
What Candle Height (CH) & Body Height (BH) implies!
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5/n
Let’s calculate from values in tweet 2/n
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Ratio of Percentage of BH and CH.
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It is above 50% and hence a Strength Candle
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6/n
All Nimblr TA Set Up Charts have the ' * ' above the strength candles as in BankNifty 15min Chart of Fri 13Sept.
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7/n
How does some of these Strength Candles look?
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Try n eye each of them.
8/n
The occurrence of these strength candles in a consecutive manner one after the other can confirm a Bottom or a Top.
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Let’s take BN charts 5min perfectly suitable for intra day scalping
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9/n
The occurrence of these strength candles in a consecutive manner one after the other can confirm a Bottom or a Top.
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Let’s take BN charts 15min perfectly suitable for intra day scalping
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10/n https://
The occurrence of these strength candles in a consecutive manner one after the other can confirm a Bottom or a Top.
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Let’s take BN charts 30min perfectly suitable for positional trades.
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11/n
The occurrence of these strength candles in a consecutive manner one after the other can confirm a Bottom or a Top.
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Let’s take BN chart 1 Hr perfectly suitable for positional trades.
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12/n
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