: A method of identifying market trends and reversals using "new price lines". Sakata's Five Methods
Shimizu modified standard candlesticks. He introduced the "Kage" (shadow) concept. In his chart, he does not just look at the wick; he measures the ratio of the upper wick to the lower wick against the average true range (ATR). Seiki-shimizu-the-japanese-chart-of-charts-pdf
The Seiki Shimizu chart offers numerous benefits to traders, including: : A method of identifying market trends and
: A specific reversal pattern looking for consecutive new highs (white real bodies) as an overbought signal. Amazon.com.au Reference Details : Seiki Shimizu (Translated by Gregory S. Nicholson). Publication : 1986, Tokyo Futures Trading Publishing Co. : Approximately 206 pages. How to Access Seiki-shimizu-the-japanese-chart-of-charts-pdf