This indicator was designed to work in real time, and needs the "calculate on every tick" turned on. It verifies if the volume from the current candle is increasing more or less than the average.
Example using 5 min. candles:
1 minute is 20% of the time for the candle. So, if the volume is at 20% or below of the vol.average, the market is stable(price not moving...
This is a tool, shows the volume variation % strength related to the X past candles.
The current candle is shown in real time, until candle closes.
The visualization of the candle time to close is a thin line, that is 100% for all past candles and slowly goes up for the current candle.
Best with an example:
with a 4h candle, 1 hour has wasted already. This is...
the main rules are in version 1.0 of this indicator, here: and they provide useful info to make sense of the indicator
two important improvements:
1 - the candle period is now provided in minutes
2 - the volume MA size does not make an average abymore, now IT CHOOSES the highest value in...
This is a tool. Do with it what you like :)
The ghost candle works by drawing a bigger time frame candles in ghost mode over a chart. The time frame is default of 4h, can be changed in the "format" pop-up.
What we see in a time frame as the "wick", is really a set of candles when looked at lower resolutions/timeframes, that info is crunched into the OHLC...
Pine's implementation of the security() function behaves differently in realtime vs. historical bars. Specifically, for historical bars, calling security() for a time frame (TF) larger/slower than the current chart's TF will return information about the last completed bar of the higher TF. However, for realtime bars (i.e. if you allow the chart to...