This indicator shows the size of the candles in the form of histograms and highlights the spark of "Big Bull" and "Big Bear" (with the largest price changes).
It also displays the average true range as a line.
volume filters (Cm. Below) provide filtering candles with low volumes, without separating them.
Application: Help in finding the upper and lower values on the market.
- ExtAtrPeriod = Number of bars to calculate the indicator (default: 20).
- ExtMode: 4 modes to choose from:
- OPEN_CLOSE: Candle size is the difference between opening and closing prices.
- HIGH_LOW: Candle size is the difference between the maximum and minimum price.
- OPEN_CLOSE_WITH_VOLUME: Candle size is the difference between opening and closing prices, candle stands, only if the amount of candles above average.
- HIGH_LOW_WITH_VOLUME: The size of the spark represents the difference between the maximum and minimum cost, the candle is released only when the candle above volume average.
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