Candy Bars v1.0 is a proprietary swing reversal indicator designed to highlight potential turning points in the market with precision. Utilizing a combination of price action dynamics and directional movement analysis, this tool identifies key bar structures and momentum shifts to help traders visualize potential trend reversals.
Key Features: Swing Reversal Detection: Highlights areas where momentum may be shifting, indicating possible trade opportunities. Custom Bar Coloring: Paints specific bars based on internally calculated conditions to make key signals visually intuitive. Inside & Outside Bar Analysis: Differentiates inside bars, which suggest potential continuation or breakout setups, and outside bars, which may indicate strong reversals. Dynamic Labeling: Displays contextual market information, such as relative bar ranges and swing count data. Divergence-Based Filtering: Detects instances where underlying momentum and price action may be misaligned, signaling potential reversals. No Repainting: Signals remain fixed once a bar closes, ensuring reliability in real-time trading scenarios.
Candy Bars v1.0 is an advanced trading tool designed for traders looking to enhance their ability to spot high-probability reversal points with clarity and confidence.