The ADT_bigCandles indicator, developed by professional prop firm trader Avydel Talbo, is designed for cTrader to identify significant candlestick patterns and major price action zones. It scans charts over a user-defined period (up to 30 days) and uses the Average True Range (ATR) to filter and detect only the largest, most volatile candles. These "big candles" are highlighted with persistent, color-coded rectangles indicating bullish or bearish moves, aiding in mapping supply/demand and support/resistance zones.
Key features include two detection modes: Standard Mode, which finds all candles exceeding the ATR threshold, and Special Mode, which filters classic price action patterns such as Outside Bars, Engulfing Candles, Doji, Marubozu, Hammer, Shooting Star, Pin Bars, and Spinning Top, with automatic labeling. The indicator prevents overlapping rectangles of the same type for chart clarity and allows customization of timeframe, ATR period, scan duration, and rectangle appearance. Each highlighted zone is labeled with candle direction, pattern type, and age.
This tool is suitable for prop firm and retail traders focused on price action and technical analysis, particularly those automating the identification of high-impact candles and zones for enhanced trading decisions.