A Trending Candle (TC)
We have a Trending Candle (TC) when the total length of the body of the candle is larger than the total length, including shadows (high-low), divided by two.
In formula form: ABS (open-close) > (high-close) / 2
Another way of defining the TC is: the total length of the body of the candle must be larger than the sum of the shadows.
The first definition is handy for use in a formula and the second one makes it easier to understand visually.
Related
Links:
MDEX
> KLSE
> AWSJ
> S'PORE
BT
> THE
FINANCIAL TIMES
> SCMP
> THE
EDGE
> NST
> THE
STAR > FUTURESOURCE
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