A custom indicator that highlights candles moving up or down by a specific percentage, providing visual markers for significant price movements and momentum shifts.
Explore complementary indicator rolesHow it works
The Candle % Move Highlighter analyzes each price candle and calculates its percentage movement from the opening price. When a candle's price movement exceeds predefined thresholds set by the trader, the indicator automatically highlights that candle with visual markers.
Traders can customize separate percentage thresholds for upward and downward price movements. The indicator then applies specific visual treatments like color highlighting, triangle markers, and percentage labels to candles that meet these movement criteria, making significant price changes immediately visible on the chart.
Why it may be useful
This indicator helps traders quickly identify and focus on candles representing substantial price momentum and potential trend shifts. By visually emphasizing candles with significant percentage moves, traders can more easily spot potential entry and exit points in their trading strategy.
The customizable nature of the indicator allows traders to adapt it to different market conditions, trading styles, and asset volatilities. This flexibility makes it a valuable tool for traders seeking to understand price movement dynamics and potential trend acceleration or reversal signals.
When to explore it
The Candle % Move Highlighter is most effective in volatile markets with significant price movements, such as during earnings announcements, economic news releases, or periods of high market uncertainty. It works particularly well for traders monitoring short-term price action and seeking to capture momentum-driven trading opportunities.
Traders can benefit from this indicator across various timeframes, but it is especially useful for scalping and day trading strategies where quick identification of price movement is crucial. By setting appropriate percentage thresholds, traders can filter out minor price fluctuations and focus on more meaningful market movements.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
