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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.