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Re: gitonwithit post# 143

Tuesday, 05/05/2009 5:09:37 PM

Tuesday, May 05, 2009 5:09:37 PM

Post# of 221
I think that what you mention is laid out for us in Heiken Ashi candle charts. Basically, they give a much better representation of the trend. Instead of having to count the candles, the heiken charts use a different algorithm. So, on a standard candle chart, one might see 10 candles, 6 green 4 red. On the Heiken, it would likely be represented by 8-10 green candles. Check it out if you are not familiar. smile
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