CISD
My mate Neil asked me to add an indicator for SmartCharts, so I thought I'd add it here as well
About this indicator
CISD stands for Change in State of Delivery. It’s a price-action concept from the ICT school of trading, not a classic maths-based indicator like RSI or MACD. It has become popular enough that many traders now use coded versions that mark it on charts automatically. ICT describes price as being “delivered” in one direction by a run of candles. A run of up-close candles is bullish delivery, and a run of down-close candles is bearish delivery. A CISD is the moment that delivery flips: Bearish CISD: price has been rising on a series of up-close candles. Then a candle closes below the opening price of the first candle in that up-close series. That suggests sellers have taken control of delivery. Bullish CISD: price has been falling on a series of down-close candles. Then a candle closes above the opening price of that down-close series.
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