Story Behind The Candle - Part 2

Fractal Bull Bear Fighting Indicator

When my friend asked me "What the hell is that?". I said... this is not the signal but he always talk about the market situation he translate the candles condition. He express battle between BUYER and SELLER on the market. He tell the story behind the candle. But unfortunately... only me can understand him ... :)

"The meanings of every single word he said is so deeply. If only you could interpret him ... but you dont :D" I said to my friend.

By looking at him by listening to what he say... I can imagine... and I can anticipate what was really happen outside there... on 'forex'. However... as the creator of him, I didn't give him the ability to predict the future. But from the story I can summarized the consequence from the serial of events.

Ok... ok... stop joking....

As programmer, I did't create the supernatural thing. I assume that the miracle won't happen. The only thing ... my job is to make the routine more easier than usual.

Again... every word he said is not signal. For the time being... I assume that ... every prediction no matter what formula used... will sooner or latter failed.

The creation of the indicator (Brief)

1. Fractal Bull Bear fighting indicator analyze the last 4 candles base on Open, High, Low and Close for every time frame.
2. From the analysis... I get 24 x 3 = 72 conditions at all including 'extra case'.
3. The 'extra case' won't came out. However if the word come out anyway... that's mean something wrong on my calculation.
4. Why times 3? The occurance of current candle only 3... Bull candle, Bear Candle or Doji.
5. The strong signal is 'Confirm Fractal' ... the point of reversal as well as the point of entry. At this time the fractal (upper or lower fractal by Bill William's indicator) not yet appeared on chart. The Fractal Bull Bear Fighting indicator by BlueDream :D ... inform that the Bill william's fractal will come out when the next candle formed. The word 'Confirm' means strong reversal by comparing the the last 2 High... or the last 2 Low of the candles... While Bill william's fractal didn't mention about that thing.
6. The sentense 'Strong Bullish' or 'Strong Bearish' is not entry point. It indicates continuation of BULL or BEAR. And it also mean... hold your BUY or SELL positon.

To be continued......