Does anyone know of any indicator that measures and plots on an oscillator the average time it takes a candle open-close.
Example.
Candles 1,2,3,4,5,6,7,8 each takes 4,5,8,2,7,1,9,3 minutes respectively from open to close.
So for a set period = 7, at the close of the the 7th candle, the average for the last 7 candles =(4+5+8+2+7+1+9)/7 is plotted on the oscillator.
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This is intended for offline charts whose candles don't take a uniform open-close time.
Helps to measure the increase in speed, signaling a possibility of a clean scalpable continuation.
Example.
Candles 1,2,3,4,5,6,7,8 each takes 4,5,8,2,7,1,9,3 minutes respectively from open to close.
So for a set period = 7, at the close of the the 7th candle, the average for the last 7 candles =(4+5+8+2+7+1+9)/7 is plotted on the oscillator.
____
This is intended for offline charts whose candles don't take a uniform open-close time.
Helps to measure the increase in speed, signaling a possibility of a clean scalpable continuation.
L.L.L.T