Candles Ratio
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Candles Ratio is calculated as the ratio of the up close to down close in last 20 candles.
(Downloads - 1728)
Candles Ratio is calculated as the ratio of the up close to down close in last 20 candles.
It uses for open and close range to calculate the ratio.
When the indicator is rising an uptrend is in force and when it is falling, a down trend is in force.
In consolidation, if the indicator is rising, upward breakout is likely to follow.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |