Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: Sherman Chen who wrote (1333)	6/13/1998 6:10:00 PM
From: privatesmith	Read Replies (1) of 1589

"Could it be that they don't show indicators until after confirmation occurs?" Could be? Here's their definition of "indicator": <An indicator is a group of candlesticks (as many as five or as few as one) that meet a set of predetermined criteria. These criteria may include prior trend, real body and/or shadow length, long and short days, opening and closing gaps, etc. Associated with each indicator are a trend (bullish or bearish) and a pattern (reversal or continuation) that should ensue for the short-term.> Ref their URL: litwick.com It's my notion candlesticks are best used in conjunction with other TA vehicles...RSI, Stochastics, etc.

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