A specialized indicator that highlights significant price movement candles by detecting candles exceeding a custom percentage threshold of the opening price.
Explore complementary indicator rolesHow it works
The Large Candles Indicator analyzes each price candle by calculating its total size from high to low and comparing it against a predefined percentage of the opening price. When a candle's size exceeds the set threshold, the indicator automatically highlights it in orange, making it visually distinct from other candles.
The indicator provides additional details about the highlighted candle, displaying specific measurements like body size, upper and lower wick lengths, and the open-to-close price movement both in absolute terms and percentage. These detailed annotations help traders quickly identify significant price movements and potential momentum shifts.
Why it may be useful
This indicator is crucial for traders seeking to quickly identify substantial price movements that might indicate important market dynamics or potential trend changes. By visually emphasizing large candles, traders can more easily spot moments of high volatility and significant market sentiment shifts.
The detailed annotations provide traders with precise information about candle characteristics, enabling more informed decision-making. Understanding the nuances of price movement through these highlighted candles can help traders recognize emerging momentum, potential breakouts, and critical price action moments.
When to explore it
The Large Candles Indicator is most effective during periods of high market volatility, such as during major economic announcements, earnings reports, or significant geopolitical events. Traders can use this tool to quickly identify and analyze candles that represent substantial price movement and potential trend reversals.
It is particularly useful for short-term trading strategies like scalping and day trading, where rapid identification of momentum and price action is critical. Traders can customize the threshold to suit different market conditions and individual trading preferences, making it a versatile tool for various trading styles and market environments.
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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.
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