OPEN-SOURCE SCRIPT
Aktualisiert IQ Candles [TradingIQ]
Hello Traders!
🔹IQ Candles
IQ Candles is a brand new chart type - a pressure-based visualization tool designed to break down what’s happening inside each candle.
Gone are the days of traditional candlesticks - it's time for an upgrade!
Instead of treating candles as simple open-high-low-close structures, this chart type reconstructs how buying and selling pressure actually developed within the bar using lower timeframe data.
It focuses on answering a more refined question:
Where did the pressure come from… and how did it translate into price?
🔹What the chart type shows
🔸Pressure candles (internal structure)
Each candle is reconstructed to reflect the internal distribution of buying and selling pressure.
This allows you to instantly see:
Instead of a single body, you see the composition of the move.
The example above shows a candlestick that is majority green and about 20% red. This indicates that aggressive buys dominated the candle/price area, and contributed made the highest contribution to the structure of the candle.
The example above shows a candlestick that is majority red and about 10% green. This indicates that aggressive sells dominated the candle/price area, and contributed made the highest contribution to the structure of the candle.
The example above shows a candlestick that is 50% green and 50% red. This indicates equal contribution.
🔸Smoothed Contribution
When smoothing is enabled, the chart type applies a moving average to buying and selling pressure.
This reduces noise and highlights the underlying trend of participation over time.
Instead of focusing on every short-term fluctuation, you get a clearer view of:
This is especially useful for:
In fast or choppy conditions, raw pressure can fluctuate rapidly.
🔸Absorption detection
The chart type detects when strong pressure fails to move price effectively.
This is one of the most important concepts in order flow.
It highlights:
This helps answer:
“Was that pressure actually effective?”
The image above shows an example of the chart type when buyers are absorbed.
The image above shows an example of the chart type when sellers are absorbed.
🔸Imbalance detection
When one side heavily outweighs the other, the chart type highlights imbalance conditions.
This helps identify:
Imbalances are not just about direction - they show conviction.
The image above shows the chart type detecting a buy-side imbalance candle.
The image above shows the chart type detecting a sell-side imbalance candle.
🔸Buy vs Sell pressure histogram
A histogram displays total buying and selling pressure per bar.
This gives you a quick read on:
🔸Delta mode (pressure expansion)
Delta mode emphasizes the difference between dominant and opposing pressure.
This is useful for:
The image above shows how to read positive delta candles for the chart type.
The image above shows how to read negative delta candles for the chart type.
🔸Candle Radar (live table)
A live table summarizes current bar activity, including:
This provides a quick overview without needing to interpret the chart visually.
🔹How to read it
Each component gives a different layer of information:
Histogram → total pressure (who is active)
Candle structure → how pressure translated into price
Imbalance → when one side dominates
Absorption → when dominance fails
Together, this shifts your perspective from:
“price moved up”
to:
“buying pressure dominated — but did it actually succeed?”
Example interpretations:
🔹Why this chart type is useful
It gives you:
🔹Best use cases
🔹Important note
Pressure can:
Context always matters.
🔹Important consideration
This script uses lower timeframe data to approximate internal pressure.
This means:
🔹Inputs you can customize
The script includes flexible controls such as:
Closing Notes
And that’s about it!
This script is built to reveal what candles are actually doing beneath the surface -turning price into something you can interpret, not just observe.
It may receive updates based on feedback - stay tuned!
Thank you TradingView as always!
🔹IQ Candles
IQ Candles is a brand new chart type - a pressure-based visualization tool designed to break down what’s happening inside each candle.
Gone are the days of traditional candlesticks - it's time for an upgrade!
Instead of treating candles as simple open-high-low-close structures, this chart type reconstructs how buying and selling pressure actually developed within the bar using lower timeframe data.
It focuses on answering a more refined question:
Where did the pressure come from… and how did it translate into price?
- buy vs sell pressure inside each candle
- true dominance within the bar
- imbalances driven by aggressive participation
- absorption of pressure by opposing liquidity
- hidden strength or weakness behind candle structure
🔹What the chart type shows
🔸Pressure candles (internal structure)
Each candle is reconstructed to reflect the internal distribution of buying and selling pressure.
This allows you to instantly see:
- where buying pressure accumulated
- where selling pressure dominated
- how evenly or unevenly the candle was built
Instead of a single body, you see the composition of the move.
The example above shows a candlestick that is majority green and about 20% red. This indicates that aggressive buys dominated the candle/price area, and contributed made the highest contribution to the structure of the candle.
The example above shows a candlestick that is majority red and about 10% green. This indicates that aggressive sells dominated the candle/price area, and contributed made the highest contribution to the structure of the candle.
The example above shows a candlestick that is 50% green and 50% red. This indicates equal contribution.
🔸Smoothed Contribution
When smoothing is enabled, the chart type applies a moving average to buying and selling pressure.
This reduces noise and highlights the underlying trend of participation over time.
Instead of focusing on every short-term fluctuation, you get a clearer view of:
- sustained buying pressure
- sustained selling pressure
- gradual shifts in control between buyers and sellers
This is especially useful for:
- filtering out erratic lower timeframe noise
- identifying persistent dominance
- understanding whether pressure is building or fading over multiple bars
In fast or choppy conditions, raw pressure can fluctuate rapidly.
🔸Absorption detection
The chart type detects when strong pressure fails to move price effectively.
This is one of the most important concepts in order flow.
It highlights:
- buying absorbed at highs
- selling absorbed at lows
- hidden liquidity opposing aggressive traders
- potential exhaustion or reversal conditions
This helps answer:
“Was that pressure actually effective?”
The image above shows an example of the chart type when buyers are absorbed.
The image above shows an example of the chart type when sellers are absorbed.
🔸Imbalance detection
When one side heavily outweighs the other, the chart type highlights imbalance conditions.
This helps identify:
- aggressive one-sided participation
- momentum-driven moves
- bars where one side clearly overpowered the other
Imbalances are not just about direction - they show conviction.
The image above shows the chart type detecting a buy-side imbalance candle.
The image above shows the chart type detecting a sell-side imbalance candle.
🔸Buy vs Sell pressure histogram
A histogram displays total buying and selling pressure per bar.
This gives you a quick read on:
- which side is in control
- how dominant that control is
- whether pressure is increasing or fading
🔸Delta mode (pressure expansion)
Delta mode emphasizes the difference between dominant and opposing pressure.
This is useful for:
- highlighting extreme dominance
- isolating one-sided control
- visualizing pressure expansion during strong moves
The image above shows how to read positive delta candles for the chart type.
The image above shows how to read negative delta candles for the chart type.
🔸Candle Radar (live table)
A live table summarizes current bar activity, including:
- buy pressure
- sell pressure
- buy/sell percentages
- delta ratio
- dominant side
- imbalance status
- absorption status
This provides a quick overview without needing to interpret the chart visually.
🔹How to read it
Each component gives a different layer of information:
Histogram → total pressure (who is active)
Candle structure → how pressure translated into price
Imbalance → when one side dominates
Absorption → when dominance fails
Together, this shifts your perspective from:
“price moved up”
to:
“buying pressure dominated — but did it actually succeed?”
Example interpretations:
- strong buy pressure + strong close → clean continuation
- strong buy pressure + weak close → possible absorption
- balanced pressure → indecision / consolidation
- extreme imbalance → momentum or potential exhaustion
- absorption signals → potential reversal or liquidity interaction
🔹Why this chart type is useful
It gives you:
- internal candle structure
- clear separation of buying and selling pressure
- context for whether pressure is effective
- imbalance detection for momentum
- absorption detection for reversals
- a deeper understanding of how price actually forms
🔹Best use cases
- analyzing strength behind moves
- confirming continuation vs weakness
- spotting absorption at key levels
- understanding liquidity interactions
- enhancing price action or liquidity-based models
🔹Important note
Pressure can:
- drive moves
- fail to move price
- or be absorbed by opposing liquidity
Context always matters.
🔹Important consideration
This script uses lower timeframe data to approximate internal pressure.
This means:
- accuracy depends on available data
- different symbols may behave differently
- lower timeframe selection impacts results
🔹Inputs you can customize
The script includes flexible controls such as:
- lower timeframe selection
- smoothing of pressure
- imbalance threshold
- absorption sensitivity
- delta mode behavior
- extended move filtering
- visual styling and colors
Closing Notes
And that’s about it!
This script is built to reveal what candles are actually doing beneath the surface -turning price into something you can interpret, not just observe.
It may receive updates based on feedback - stay tuned!
Thank you TradingView as always!
Versionshinweise
Added hidable warning that tells new users to hide TradingView's default candles. This is to make full use of the indicator - thank you!Versionshinweise
- Added efficient live trading mode. This feature disables imbalance and absorption detection. Candles will fill red/green much quicker on live bars.
- added option to move pressure radar table to different locations or disable it entirely.
Thank you for the feedback guys!
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Get Access To Our Tools: tradingiq.io
Subscribe For Daily Content: youtube.com/watch?v=Gx_cW29BUds
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Get Access To Our Tools: tradingiq.io
Subscribe For Daily Content: youtube.com/watch?v=Gx_cW29BUds
Subscribe For Daily Content: youtube.com/watch?v=Gx_cW29BUds
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.