Box highlighted with rectangle
Number of candles in the box is accumulation
Momentum is 1/3 of accumulation (number of candles of accumulation)
Here we have 30 candles of 1 week (Weekly timeframe)
Momentum = (1/3)*(30) = 10 weeks = ~ 2.5 - 3 months
Number of candles in the box is accumulation
Momentum is 1/3 of accumulation (number of candles of accumulation)
Here we have 30 candles of 1 week (Weekly timeframe)
Momentum = (1/3)*(30) = 10 weeks = ~ 2.5 - 3 months
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta