The Consecutive Bars Indicator creates a histogram by tallying the number of consecutive up and down candle closes. The size of the histogram bars increases in proportion to the count of consecutive up or down candles.
Most chart traders use Consecutive Bars Indicator as a tool to help confirm a trend on a Daily chart, but many find it useful on other chart timeframes as well.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results.
This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).