OPEN-SOURCE SCRIPT
Naked Forex - Kangaroo Tail Indicator
Updated
Indicator which identfies a kangaroo tail as defined in the book naked forex
A kangaroo tail is defined as
- a candle where the body closes in the upper or lower third
- which has room to the left
A kangaroo tail is defined as
- a candle where the body closes in the upper or lower third
- which has room to the left
Release Notes
Updated to show both the Kangaroo Tail and Big Shadow candlesRelease Notes
changed the titleRelease Notes
Updated so a valid kangaroo tail is within previous candle rangeRelease Notes
update : range of kangaroo tail is greater then previous 2 candlesOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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