Auto Count for Candlestick Chart
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Dear Team,
I just noticed in the new features for Tradepoint Desktop version, Auto Count for Candlestick Chart has been launched and includes Short Term, Medium Term and Long Term counts. This is really an exceptional tool, in house developed by Definedge team, and could help in the trading/investment decisions.
Could you please explain the logic of how the Count is calculated? Is it based on Fibonacci extension or Pivot points? Or some other logic behind this tool? I reckon this tool will also be made available in Zone Web in the coming weeks?
