This indicator displays candle prices on the chart, colored in accordance with the data of the FATL digital filter built on closing prices.
The indicator has no configurable parameters.
Allows you to effectively follow the short-term trend.
Usage:
- After the full formation of a candle colored in the opposite color to the previous candle, place a stop order at the high / low of such a candle.
- When the price overcomes such a high/low, a position will be opened.
- With the full formation of a candle painted in the opposite color, you should consider options for exiting the position or placing a stop order to close the position at the high / low of such a candle.
More options for digital filters and the ability to select prices for their construction are provided by the following products:
