Lincoln Pharma, Daily chartInverted head and shoulder breakout
Target- 370
Stop loss- 330
Positional trade.
Only for educational purposes.
Volumestrengthcandles
BTC (VOLUME STRENGTH CANDLES) **NEW INDICATOR***INDICATOR:
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON (I changed mine to purple) Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak
ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback)
DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback
GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length
AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback
Is price confirmed by volume?
Can Change the Lookback / Length from 13
Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
FULL volume based LAYOUT: www.tradingview.com
My VOLUME BASED layout below including VOLUME STRENGTH CANDLES Layout www.tradingview.com
volume strength candles
//StokedStocks Volume Strength Candles / Bars (VSC)
//Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback / Length (Strong or Weak Bulls // Strong or Weak Bears)
//Candles / Bars Indicate the Following (default 13 period lookback / Length)
//MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
//RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak
//ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback)
//DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback
//GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length
//AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback
//Is price confirmed by volume?
//Can Change the Lookback / Length from 13
//Can Change the Colors and Transparency I recommend ZERO Transparency to easily identify volume strength
FB "Volume Strength Candles / Colored Bars" **NEW INDICATOR**Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak
ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback)
DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback
GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length
AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback
Is price confirmed by volume?
Can Change the Lookback / Length from 13
Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
