A trading strategy that tracks green candle streaks, identifying key price levels for potential buy and sell points during upward price movements with customizable thresholds.
Explore complementary indicator rolesHow it works
The V20 with Prices strategy systematically tracks consecutive green candles, recording the lowest and highest price points during the bullish streak. It monitors price movements, calculating the percentage change between the lowest and highest prices within the identified sequence.
When a green candle streak ends and a red candle appears, the strategy establishes key reference levels: a Next Buy level at the lowest price and a Next Sell level at the highest price. If the price movement exceeds a user-defined threshold, typically 20%, the candles are highlighted with a green background to indicate significant price action.
Why it may be useful
This strategy provides traders with a structured approach to identifying potential entry and exit points during upward price trends. By quantifying and visualizing price movements, it helps traders recognize significant market momentum and potential reversal zones with clear, objective criteria.
The customizable nature of the strategy allows traders to adapt the tool to their specific trading style and risk tolerance. By adjusting the movement threshold and price level display, traders can fine-tune the indicator to match their individual trading preferences and market interpretation.
When to explore it
The V20 with Prices strategy is most effective in markets experiencing clear upward momentum with distinct bullish price action. It works particularly well in trending markets where green candle sequences are more prevalent and price movements are more directional.
Traders can leverage this strategy during periods of sustained upward movement, using it to identify potential re-entry points, take-profit levels, and manage risk during trend-following scenarios. It is especially useful for traders seeking a systematic approach to tracking price momentum and identifying potential turning points in the market.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
