A consecutive candle filter is a technical analysis tool used to identify patterns in price movements on a stock chart. Specifically, it focuses on consecutive candles, which are successive periods on a price chart where the price of the asset has moved in the same direction (e.g., up or down) without interruption.

Oct 14, 2009 · Entries: Look for 3 consecutive candles in the same direction as trend, enter 2 pips above/below of close of 3rd candle. Exit: Still unsure,...

Aug 30, 2022 · This indicator Colors in candles if there are 3 or more consecutive bearish or bullish candles. If you are familiar with the BTMM/Stacey Burke Trading concept of expecting a stop hunt after 3 cycles of rise/fall this indicator may be useful to you.

Nov 29, 2015 · Basically you're using number of consecutive candles as a measure of overbought/oversold. The question is whether consecutive candles (time) or pips/ATRs moved (price) is a better measure -- you could test this. Combining OB/OS with S/R (like the attached indicators) could potentially work better.

Mar 5, 2024 · ICT’s first concept covered is to view consecutive candles of the same color or direction as a single higher timeframe candle. The difference between ICT’s approach and the candle math approach is that ICT do require the series of …

Mar 2, 2017 · Principle of multi-candle trading strategy: The automated trading strategy expects X consecutive candles having the same direction to open a position.

Jul 19, 2021 · “Consecutive Candles” identifies instances when excessive amounts of candles have closed in the same direction. This type of analysis is interesting for both trend followers as well as swing traders.

Sep 5, 2023 · Users can define reference source that starts the consecutive count (e.g. close 4 candles ago), maximum count where counter resets (e.g. after 9th count) and backtesting period (e.g. price change 2 candles after count).

Aug 9, 2023 · Consecutive candles in the same direction may indicate a strong trend. The Candles In Row indicator can be an essential tool for traders employing a multiple timeframes strategy. Understanding Momentum: By analyzing consecutive green or red candles in a higher timeframe, traders can identify the prevailing momentum in the market.

Feb 9, 2020 · Very simple strategy based on consecutive candle count. Simple but can be very profitable if you know how to execute. For a buy signal, if price closes higher within 5 candles, it is defined as a win. For a sell signal, if price closes lower within 5 candles, it is defined as a win.