Weak Candle Sequence (ATR Based)
The **Weak Candle Sequence (ATR Based)** indicator identifies periods where price begins to lose momentum by detecting consecutive candles with unusually small bodies relative to ATR.
Instead of using a fixed candle size, the indicator compares each candle’s body to the market’s current volatility, making it adaptable across different markets and timeframes.
**How it works:**
- Measures candle body size against ATR.
- Highlights candles that fall below your chosen ATR threshold.
- Counts consecutive weak candles.
- Highlights the chart once the minimum number of weak candles has been reached.
- Optionally marks the beginning of the sequence with a **“Weak Run”** label.
**Customisable settings include:**
- ATR Length
- Maximum body size as a percentage of ATR
- Minimum number of consecutive weak candles
- Optional labels
The indicator is designed to make periods of **price compression, hesitation and weakening momentum easier to identify objectively**, removing some of the guesswork from visually judging candle strength.
Instead of using a fixed candle size, the indicator compares each candle’s body to the market’s current volatility, making it adaptable across different markets and timeframes.
**How it works:**
- Measures candle body size against ATR.
- Highlights candles that fall below your chosen ATR threshold.
- Counts consecutive weak candles.
- Highlights the chart once the minimum number of weak candles has been reached.
- Optionally marks the beginning of the sequence with a **“Weak Run”** label.
**Customisable settings include:**
- ATR Length
- Maximum body size as a percentage of ATR
- Minimum number of consecutive weak candles
- Optional labels
The indicator is designed to make periods of **price compression, hesitation and weakening momentum easier to identify objectively**, removing some of the guesswork from visually judging candle strength.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.