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Pele Candles
Pele Candles Indicator
Named after Pele, the Hawaiian goddess of volcanoes, this indicator identifies "explosive" candles with unusually large ranges that exceed a customizable ATR (Average True Range) threshold. These volcanic-like price movements often signal significant market activity where liquidity may have been swept from one side.
Pele candles appear as colored bars (blue for bullish, purple for bearish) when candle ranges surpass the ATR multiplier. While a single Pele candle doesn't guarantee direction, consecutive Pele candles in opposite directions can indicate potential trend reversals - much like volcanic eruptions that reshape the landscape.
The indicator helps traders spot moments of intense market activity and potential turning points, but should be used alongside other analysis tools for confirmation.
Features:
Customizable ATR period and multiplier
Visual highlighting of explosive price moves
Alert notifications for significant candles
No repainting - signals appear in real-time
******Make sure you go to visual order settings and bring to front******
Named after Pele, the Hawaiian goddess of volcanoes, this indicator identifies "explosive" candles with unusually large ranges that exceed a customizable ATR (Average True Range) threshold. These volcanic-like price movements often signal significant market activity where liquidity may have been swept from one side.
Pele candles appear as colored bars (blue for bullish, purple for bearish) when candle ranges surpass the ATR multiplier. While a single Pele candle doesn't guarantee direction, consecutive Pele candles in opposite directions can indicate potential trend reversals - much like volcanic eruptions that reshape the landscape.
The indicator helps traders spot moments of intense market activity and potential turning points, but should be used alongside other analysis tools for confirmation.
Features:
Customizable ATR period and multiplier
Visual highlighting of explosive price moves
Alert notifications for significant candles
No repainting - signals appear in real-time
******Make sure you go to visual order settings and bring to front******
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由使用，沒有任何限制 — 點擊此處了解更多。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。