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About - Trend Strength Candles
About - Trend Strength Candles

Phoenix Finder companion study. Candles describe the different states of the trend through multiple EMA alignment.

Duncan Boggs avatar
Written by Duncan Boggs
Updated over a week ago

 

Trend Strength Candles

 
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Trend Strength Candles is a companion study to the Phoenix Finder Indicator.
Candles correspond to symbols in the Phoenix Finder study. 

 
The Trend Strength Candles is designed to let you quickly look at a chart and determine if the ticker is trending strongly, trending weakly, or somewhere in the middle.
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Quickly identify strong and weak tickers based on the Fibonacci based multi EMA alignment of the Phoenix Finder. Identify if you are seeing a strong ticker in an up-trending market and bet against weak ones in a down-trending market.

 
This unique study debuted as part of Danielle's Phoenix Finder class.

 

Symbology

  • Strong Trend Up - Bright green candles

  • Trend up - Dark green candles

  • Strong Trend Down - Bright red candles

  • Trend down - Dark red candles

  • Trend Flat - Yellow candles

 
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About the Phoenix Finder
​https://intercom.help/simpler-trading/en/articles/3169315

How to read the Phoenix Finder
​https://intercom.help/simpler-trading/en/articles/3231146

About - Trend Strength Candles Turbo
​https://intercom.help/simpler-trading/en/articles/3676417

  

 
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