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Metastock candlestick bars are either red or green. These colors have
nothing to do with the open > close, or the open < close, or even the
trend. Sometimes a red candle has open > close, and sometimes a red
candle has open < close. Ditto the green candles. I always considered
color a quirk.
However, there is clearly some sort method to candle colors... here
is why:
I started examining Spyros Raftopoulos results for "Zig Zag Trend"
discussed in message # 4930. His Zig Zag Trend perfectly plots a +1
for every green candle and a -1 for every red candle. His extremely
complex formula can be boiled down to this simple statement:
if candle = green then +1 else -1
Grizz
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