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I am interested in using this formula to determine the high and low of the day. What do the black candlesticks mean ? What time period is most useful to watch ? Please explain how to apply . THANKS !
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Dave
The formula paints the bar in green if the close is higher than the prior bar's high, in red if the close is lower than the prior bar's low and in black if neither of the above conditions is true.
Suggestions on how to best apply this study will have to come from someone else since I don't use it.
Alex
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