A multi-symbol, multi-timeframe candle state analysis tool that tracks price action across two instruments using The Strat's three core candle scenarios.
Explore complementary indicator rolesHow it works
The Strat Candle State Table analyzes three consecutive candles for two selected symbols: the third candle (C1), previous candle (C2), and current candle (CC). It identifies and color-codes each candle's state according to three core scenarios: Inside Bar (Scenario 1), Directional (Scenario 2), and Outside Bar (Scenario 3).
By tracking these candle states dynamically, the indicator provides real-time insights into price action and potential market momentum. It uses color-coded visual representations to quickly communicate each candle's characteristics, including whether it closed higher or lower, and highlights potential conflict or reversal scenarios.
Why it may be useful
This indicator simplifies complex multi-symbol analysis by providing a comprehensive, at-a-glance view of price action across two instruments simultaneously. It helps traders quickly assess market conditions, identify potential trend continuations or reversals, and make more informed trading decisions by revealing subtle nuances in price movement.
The tool's power lies in its ability to detect simultaneous breaks and momentum shifts across different symbols, which can significantly enhance trade conviction. By offering a top-down perspective and highlighting potential trend weaknesses, traders can develop more strategic entry and exit points.
When to explore it
The Strat Candle State Table is most effective when trading correlated assets like index-related securities (SPY/QQQ, DIA/IWM) or sector-specific pairs. It excels in identifying real-time price action dynamics, making it particularly valuable during volatile market conditions or when seeking precise trade timing.
Traders should leverage this tool when looking to confirm trend strength, detect potential reversals, or monitor multiple instruments simultaneously. It is especially useful for traders following The Strat methodology who want a quick, visual representation of market momentum across different timeframes and symbols.
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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.
