A New Short Term Trend Can be Defined as - (Must Be a Net Movement in Trend Direction from 1st Candle to 3rd Candle - If No Net Movement or Opposite Movement - 123 Does Not Count) 3 Same Colored Candles in a Row Where the 3rd Candle Volume is Greater than the 1st Candle Volume (If Flats Between Candles - But Then 3 Adjacent Candles in a Row - Can Use 3 Adjacent Candles or 1st 3 Candles with Flats in Between if Only 2 Flats) (If 4 Flats Between 1st & 2nd Candle - Does Not Count - & if 4 Flats Before 1st Candle - Does Not Count - But 3 Flats Between 2nd & 3rd Candle Counts) Medium Volatility if 2nd Candle is 50% More Volume Than 1st Candle & 3rd Candle is 50% More Volume Than 2nd Candle If High Volatility - Subsequent 123s Do Not Reverse Direction (High Volatility 123 if 2nd Candle is 60% More Volume Than 1st Candle & 3rd Candle is 60% More Volume Than 2nd Candle OR (123 is Preceeded by High Volume Candle in Direction of 123 and Price Does Not Retrace Opening of High Volume Candle or High Volume Between 2 123 in Same Direction and Price Does Not Retrace Opening of High Volume Candle & 2nd 123 Counts as Beginning of High Volatility 123) - OR if 2 High Volume within 3 Candles and Trading in Old Trend Direction and Precedes New 123 Then High Volatility in New 123 Direction and if New 123 is a Reversal Then Next 123 in Opposite Direction is Also High Volatility) OR (2nd 123 in Same Direction as 1st 123 - But 2nd Candle is 100% More Volume Than 1st Candle & 3rd Candle is 100% More Volume Than 2nd Candle & Total Volume on 2nd 123 is Higher Than 1st 123) (On a Low Volatility Downward 123 if it Makes 3 New Lows (or Same Low as Before) & Each Low is Followed (Resisted) by a Green Colored Candle with Less Volume on the 2nd Resistance than 1st Resistance & Less Volume on 3rd Resistance than 2nd Resistance - Then After the 3rd Resistance Counts as a 123 in Upward Direction - But if 2nd Resistance Volume is Increasing Then Requires 3 New Resistance With Lower Volume with 1st Starting After Volume Increases (Same with High Volatility) - If 3rd Resistance Volume Unchanged from Prior Then Top is Any 4th Volume Resistance - If Low Volatility 123 with Unordered Resistance Volume Then Max New Lows or Max New Highs is 10 (If After 7 New Highs/New Lows - the Prior 4 New Highs/New Lows are Retraced - the Next High/Low After the Retracement Counts as 8 Even if it Doesn't Recapture the 7th New High/New Low & the Max Count is Still 10) - if 123 in Reverse Direction After 9 New Highs or 9 New Lows or 123 Immediately After 10 New Highs or New Lows Then it Will Complete 12 New Highs or New Lows (On a High Volatility Downward 123 3 New Lows Met With Successively Higher Volume on Each Green Candle or 7 New Lows - Marks End of Downward 123)) (On a Low Volatility Upward 123 if it Makes 3 New Highs (or Same High as Before) & Each High is Followed (Resisted) by a Red Colored Candle with Higher Volume on the 2nd Resistannce than 1st Resistance & Higher Volume on 3rd Resistance than 2nd Resistance - Then After the 3rd Resistance Counts as 123 in Downward Direction (On a High Volatility Upward 123 3 New Highs Met With Successively Lower Volume on Each Red Candle or 7 New Highs - Marks End of Upward 123)) If 123 Met with Resistance & 2nd Resistance is 1-Tick Further Along from 1st Resistance and is Higher Volume Than 1st Resistance (New High/New Low) & 3rd Resistance is 1-Tick Further Along From 2nd Resistance and is Higher Volume Than 2nd Resistance (New High/New Low) - Then Reversal Until Reversal Resisted Then Trend Resumes for a Total of 8 Resistance (Including 3 Before Reversal) if No 3 Sequential Lower Volume Green Candles or No 3 Sequential Higher Volume Red Candles
USDJPY, it was good to know you??? Humans do not do what you do, which is to capitalize every word typed. This reeks of bot or something. That plus the wall-of-text-mode is reeking of bot. bye.
Does reek a bit of camel-case and programming, doesn't it? (Though, a bit more difficult to follow....couldn't keep track of how many loops deep into the algorithm I was)
rolflmao, is that what I sound like? I think overnight called it, and I suppose you can keep wondering if I'm the real deal. c'est la vie