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.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.