A visual indicator that highlights consecutive bullish or bearish candle sequences by applying color backgrounds and drawing transparent boxes to identify market momentum trends.
Explore complementary indicator rolesHow it works
The indicator tracks consecutive bullish and bearish candles by comparing opening and closing prices. When three or more candles in a row have the same directional pattern, the script generates a colored background and a transparent box.
Green highlights indicate bullish sequences, while red highlights signify bearish trends. The box size is determined by the highest high and lowest low of the three consecutive candles. The boxes can extend to the right chart edge, providing continuous visual trend confirmation
Why it may be useful
This indicator helps traders quickly identify and visualize trend momentum without complex calculations. By highlighting consecutive candle sequences, traders can rapidly assess market sentiment and potential trend strength.
The transparent boxes make it easy to spot multi-candle trends at a glance. It provides a simple, intuitive way to recognize potential continuation patterns and market direction changes, which can be crucial for making informed trading decisions
When to explore it
The indicator works best in markets with clear trending characteristics, such as forex, stocks, and commodities. It is most effective during periods of strong market momentum, where price movements show consistent directional trends.
Traders can use this tool in volatile markets to quickly identify potential entry or exit points. It is particularly useful for day traders and swing traders who rely on identifying short to medium-term trend sequences
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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.
