Candelstick xxl
Indicator
Version 1.0, May 2025
Windows, Mac
4.5
Reviews: 2
Since 28/01/2025
7
Sales
363
Free installs
Description
- Practical Applications:
- Quickly identifies unusual market conditions
- Visualizes volatility changes
- Helps spot potential breakouts (large candles) or consolidations (small candles)
- Spike detection warns of potential reversals or news events
- Calculation Efficiency:
- Only maintains data for the lookback period
- Updates statistics incrementally
- Minimal impact on chart performance
Summary
AI summary
Candelstick xxl is a market indicator designed to detect aggressive price movements and trend changes without relying on volume data. It quickly identifies unusual market conditions and visualizes changes in volatility by analyzing candlestick sizes. The indicator helps traders spot potential breakouts characterized by large candles and consolidations indicated by small candles. Additionally, it includes spike detection to warn of possible reversals or news-driven events.
From a performance perspective, Candelstick xxl maintains data only for the specified lookback period and updates its statistics incrementally, ensuring minimal impact on chart performance. This efficiency supports smooth integration into trading platforms without slowing down analysis.
Key features:
- Detection of unusual market conditions and volatility shifts
- Identification of breakout and consolidation phases through candle size analysis
- Spike detection for early warning of reversals or news events
- Efficient data handling with incremental updates and limited memory use
This indicator is suitable for traders seeking to enhance their market analysis by focusing on price action dynamics and volatility changes.
From a performance perspective, Candelstick xxl maintains data only for the specified lookback period and updates its statistics incrementally, ensuring minimal impact on chart performance. This efficiency supports smooth integration into trading platforms without slowing down analysis.
Key features:
- Detection of unusual market conditions and volatility shifts
- Identification of breakout and consolidation phases through candle size analysis
- Spike detection for early warning of reversals or news events
- Efficient data handling with incremental updates and limited memory use
This indicator is suitable for traders seeking to enhance their market analysis by focusing on price action dynamics and volatility changes.
Indicator profile
Customer reviews
4.5
Reviews: 2
5 | 50 % | |
4 | 50 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Discussion
FAQ
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.
More from this author
Price
Since 28/01/2025
7
Sales
363
Free installs
