Jaguchi_ZigZag
This indicator draws a continuous line like Zig-Zag in accordance with a strict rule.
A pair of candle sticks that are next to each other shows four patterns.
1: A bullish candle stick and a bearish one
2: A bearish candle stick and a bullish one
3: A pair of bullish candle sticks (including a doji )
4: A pair of bearish candle sticks (including a doji )
1: A bullish candle stick and a bearish one show that an upward trend changed to a downward one .
2: A bearish candle stick and a bullish one show that a downward trend changed to an upward one .
3: A pair of bullish candle sticks show that an upward trend is continued.
4: A pair of bearish candle sticks show that a downward trend is continued.
Jaguchi means faucet or tap in Japanese.
In the kitchen or washroom, you know that a flow of water is controlled not with the drain port but the faucet.
Also, trends should be determined not with closing prices but opening prices.
A pair of candle sticks that are next to each other shows four patterns.
1: A bullish candle stick and a bearish one
2: A bearish candle stick and a bullish one
3: A pair of bullish candle sticks (including a doji )
4: A pair of bearish candle sticks (including a doji )
1: A bullish candle stick and a bearish one show that an upward trend changed to a downward one .
2: A bearish candle stick and a bullish one show that a downward trend changed to an upward one .
3: A pair of bullish candle sticks show that an upward trend is continued.
4: A pair of bearish candle sticks show that a downward trend is continued.
Jaguchi means faucet or tap in Japanese.
In the kitchen or washroom, you know that a flow of water is controlled not with the drain port but the faucet.
Also, trends should be determined not with closing prices but opening prices.