Trend Candles

The Trend Candles indicator is the most tricky one out of the whole six indicators that are going to be used. The reason for that is that the candles that you are seeing on the screen are not the actual candles market makes, but are modified according to an algorithm based on the stochastic indicator.

Because of that, what seems to be a long bearish candle for example showed by this indicator in reality the candle may be a totally different one.

It resembles with Heiken Ashi if you are familiar with the concept but it is definitely not the same. We will divide the screen to try to show you the difference between the candles treated with the Trend Candles indicator and the regular candles price makes.

The recording that comes with this sub-chapter shows you this and also shows you how to apply the indicator in building our template for trading the whole system.