Consecutive Candle Body Expansion with Volume

23 Agu

Consecutive Candle Body Expansion with Volume

This tool is designed to help traders identify moments of strong directional momentum in the market. It highlights potential buy and sell opportunities by combining candlestick behavior with volume confirmation.

✨ Key Features

Detects when the market shows consistent momentum in one direction.

Filters signals with volume confirmation, avoiding low-activity noise.

Highlights possible continuation signals for both bullish and bearish moves.

Works on any asset and any timeframe — from scalping to swing trading.

🛠 How to Use

Green labels suggest potential buying opportunities.

Red labels suggest potential selling opportunities.

Best used in combination with your own risk management rules and other indicators (like support/resistance or moving averages).

⚠️ Note: This is not financial advice. Always backtest before applying in live trading.

23 Agu

Catatan Rilis

Indicator: Consecutive Candle Body Expansion with Volume (Optional EMA Filter)

Overview
This indicator highlights strong momentum signals based on consecutive candle body expansion with volume confirmation.
It also includes an optional EMA filter (10/20 EMA channel) for traders who prefer trading only in the direction of the trend.

Core Logic (without EMA filter):

1. Two consecutive candles of the same color (both bullish or both bearish).
2. The second candle’s body is larger than the first candle’s body.
3. The second candle’s volume is higher than the first candle’s volume.
4. A signal is plotted at the close of the second candle

✅ BUY (green label) → two strong bullish candles with rising volume.
✅ SELL (red label) → two strong bearish candles with rising volume.



Optional Trend Filter (ON/OFF)

When enabled, only signals in the direction of the 10 & 20 EMA channel are shown:

BUY → Only if price closes above both EMAs.
SELL → Only if price closes below both EMAs.
When disabled, all signals are shown regardless of trend.



How to Use:

* Default mode (EMA filter OFF) → Pure momentum + volume expansion signals.
* With EMA filter ON → Trade only in the confirmed trend direction.
* Always wait for the signal bar to close before taking action.
* Use proper risk management(e.g., stop-loss beyond prior candle).

3 Sep

Catatan Rilis

🆕 What’s new compared to your old version:

Volume filter logic

BUY signal only if the current green candle’s volume is the highest among the last 3 green candles (ignores red candles in between).

SELL signal only if the current red candle’s volume is the highest among the last 3 red candles (ignores green candles in between).

Alerts

Added alertcondition() so you can create alerts from TradingView’s alert menu.

Added inline alert() calls so alerts fire automatically when conditions are met.

Alerts trigger once per bar close to avoid duplicates.

👉 So now you’ve got both: a stricter volume logic for signals + working alerts for them.

3 Sep

Catatan Rilis

Alerts are added.

1 Okt

Catatan Rilis

Many of you asked about the update, so here’s the reasoning:

1. From signals to structure
The old arrows made the script look like a “signal generator.” That’s too simplistic. Trading isn’t about blindly following arrows — it’s about reading the market. By removing them, we push focus toward trend, structure, and momentum — exactly what serious traders need.

2. Cleaner, more professional charts
Charts cluttered with arrows feel noisy and distracting. With this update, you get a cleaner visual workspace. The EMAs and background cues still highlight conditions, but the view is professional and minimal — perfect for traders who prefer clarity over clutter.

3. No more arrow bias
Big green/red arrows subconsciously create action-bias: you see an arrow and want to click buy or sell. By removing them, the indicator stops telling you what to do and instead shows what’s happening — giving you the control to make the decision.

4. Heikin Ashi upgrade = smoother insights
We now use Heikin Ashi candles by default, giving smoother trend recognition and body-expansion logic. This makes the tool even more reliable for spotting momentum shifts — without arrows that oversimplify the read.

5. Alerts stay, discretion improves
For automation or advanced use, the alerts are still there. But visually, the script now encourages discretion, confluence, and strategy. You get alerts for action but charts for analysis.

6. Protecting the edge
Arrows are easy to screenshot, share, and misuse. By removing them, the edge stays with those who actually understand the logic. It keeps the tool valuable for serious users while protecting the method.