About: The indicator allows to examine the number of historical occurrences of candles in a given color, evaluate the risk and analyze returns of the next candle.
How to use: Check with plotline how many candles of a given color have occurred so far and use the table to evaluate the risk.
Formula: - Returns - ((close / open) - 1) * 100 - Returns Culminative - close / open
Overfitting: Overfitting free. Research only.
Disclaimer: Past good results do not guarantee future trading success. Please use the algorithm with caution and support it with your knowledge. Published algorithm decisions are not financial advice.