How to use candle shadows barometer as an indicator?

<p id="isPasted">The Candle Shadow Indicator strategy is based on identifying bullish and bearish momentum in the market using the green and red bars of the indicator.</p><p>When the Candle Shadow Indicator displays a series of green bars, it suggests bullish momentum. On the other hand, when the Candle Shadow Indicator illustrates a series of red bars, it suggests bearish momentum.</p><p id="isPasted">You can also use the indicator for finding reversals. When a bullish trend starts to lose momentum, the green bars of the indicator may start to shorten, and the red bars may start to increase in length. It indicates a bearish reversal.</p><p>Conversely, when a bearish trend loses momentum, the green bars start to appear, signifying a bullish reversal.</p><p>However, it is important to note that the Candle Shadow Indicator should not be used in isolation. You should also confirm potential signals with other technical analysis tools like support and resistance or indicators like the&nbsp;RSI or MACD.</p><p>The indicator may work on all timeframes. However, applying it on longer timeframes is better to limit market noise.</p><p>Buy Signal</p><ul style="box-sizing: border-box; margin: 0px 0px 0.5em; list-style: disc; padding: 0px 0px 0px 20px; font-size: 16px; color: rgb(17, 17, 17); font-family: &quot;open sans&quot;, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><li style="box-sizing: inherit; font-size: 16px;">The indicator must plot green bars.</li><li style="box-sizing: inherit; font-size: 16px;">Wait for the price to go upwards and then enter the trade.</li><li style="box-sizing: inherit; font-size: 16px;">Set a stop-loss at the recent low.</li><li style="box-sizing: inherit; font-size: 16px;" class="forexqa-img-container">Place profit-target at the recent high or exit the trade when the red bar appears.<img src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1742447036886.png" style="width: 245px;" class="fr-fic fr-dib fr-draggable forexqa-img"></li></ul><p id="isPasted">Sell Signal</p><ul style="box-sizing: border-box; margin: 0px 0px 0.5em; list-style: disc; padding: 0px 0px 0px 20px; font-size: 16px; color: rgb(17, 17, 17); font-family: &quot;open sans&quot;, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><li style="box-sizing: inherit; font-size: 16px;">The indicator must plot red bars.</li><li style="box-sizing: inherit; font-size: 16px;">Wait for the price to go downwards and then enter the trade.</li><li style="box-sizing: inherit; font-size: 16px;">Set a stop-loss at the recent high.</li><li style="box-sizing: inherit; font-size: 16px;">Place profit-target at the recent low or exit the trade when the green bar appears.</li></ul><p><img data-fr-image-pasted="true" title="Candle Shadow Indicator sell signals" src="https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals-300x224.png" data-src="https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals-300x224.png" alt="Candle Shadow Indicator sell signals" width="300" height="224" data-srcset="https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals-300x224.png 300w, https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals-50x37.png 50w, https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals.png 585w" sizes="(max-width: 300px) 100vw, 300px" srcset="https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals-300x224.png 300w, https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals-50x37.png 50w, https://theforexgeek.com/wp-content/uploads/2023/05/Candle-Shadow-Indicator-sell-signals.png 585w" style="box-sizing: inherit; height: auto; max-width: 100%; border: 0px;" class="fr-fic fr-dii fr-draggable"></p><p><br></p><p><br></p>