I modified the Combined Candles DYO that Howard posted (just slightly to improve the way it plots dojis) and put 3 below a 1 minute chart. They then plot the 2, 3, and 4 minute candles looking back each minute.
The 2X, 3X, and 4X studies use GV s in the 200-207(?) range that are then read by the up candles and down candles DYOs.
The arrows are plotted on the chart when;
Up arrow signal: chart and all 3 studies are either up (green) or dojis
Down arrow signal: chart and all 3 studies are either down (red) or dojis
The logic allows both an up and down arrow on the same bar if in consolidation&
As an aside, I ve found that plotting down signals below the candles and up above the candles avoids the problem of missing the signal because the candle is at the extreme top or bottom of the chart&
Just another attempt to pay back for all the education and sharing I ve found with this fine group&
Mark Holstius (123)
SUMMARY:
Plot on 1 min chart
Gives 2,3, & 4 minute candles each minute looking back and then plots arrow
signals on chart when the studies and the chart agree:
Up = all green or dojis
Down = all red or dojis