Mode price in a candle?

Discussion in 'Technical Analysis' started by thomas79, Jun 22, 2012.

  1. thomas79


    Hi, is there an indicator that shows the mode - the price that appears the most- within a candle? thanks
  2. =============

    There are more than 2 ways to do it, depending on your charting service...............................

    Time & sales, say,in a 60 minute time frame[I prefer my data on charts, mostly, so see next line]

    10 year candlecharts, for example 10 years with 10 yearly[ or more quarterly]candles;
    or 10 years worth of monthly candles[meaning 120 candles...:cool: ]It maybe wise, to look for averages,or mode on 10 years worth of daily candles, but it takes more time.
  3. thomas79


    thanks, using MT4.