Wednesday, 30 May 2012

white soldiers

oasis analysis of candlestick White Soldiers yields some interesting results, at least we can compare.

A White Soldier is described as the de-facto 'in your face' indication of a price increase.

The results are interesting because they appear, at least on first glance, to be a little random.

To the right/above is a screen shot of a random selection of companies and the dates that White Soldiers were triggered, along with close price, next day open price and then percentage increases over 5, 10, 15 and 30 days. 

The parameters for White Soldiers stipulates a downward trend needs to have been established, but does not say how and so I have used the psar on close to denote a change of trend. I will be experimenting with other trend setters.

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