Naked Forex - Kangaroo Tail Indicator by ErwinBeckers

trendanalysis nakedforex candlestickpattern

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

Release Notes:

Updated to show both the Kangaroo Tail and Big Shadow candles

Release Notes:

changed the title

Release Notes:

Updated so a valid kangaroo tail is within previous candle range

Release Notes:

update : range of kangaroo tail is greater then previous 2 candles

Open-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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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