Candle Spread

7시간 전

Candle Spread is an indicator that helps traders measure the range of price movement within each candle over a specified time period. It calculates the range of the candle between the High and Low (High - Low) and displays it in a separate window below the chart as columns.

Key Features:
Colored Bars: The bars are colored based on the candle's direction:

Bullish Candle: Bars are Green.
Bearish Candle: Bars are Red.
Moving Average: The indicator includes a 30-period Simple Moving Average (SMA), which represents the overall average range of the candles.

Helps Identify Market Volatility: This indicator helps traders identify wide-range candles (signaling high volatility in the market), which could indicate a surge in momentum or potential trend reversals.