Pipe bottom is a great indicator of short-term bullish reversal trading. Pipe bottoms appear as 2 "spikes" on the chart after a 2 weeks price drop downtrend, which look like 2 parallel lines on the chart. Based on Bulkowski and the definition on his Patternsite, those 2 "spikes" candles can be any shape, whether doji or any other kinds, thus, wicks length or...
This NR7 indicator was built on the concept by Thomas Bulkowski and his ThePatternSite. NR7 is based on high to low price range (true range) that is the smallest of the prior 6 days (7 days total), when one NR7 shows, it means that today's candle body (low to high) is the narrowest of the past 7 days. Then if the current close is higher than the NR7's high, we...
