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Next Candle Predictor V4.1
## Next Candle Predictor V4.1 — Terminology and Presentation Update
This update improves the clarity of the indicator's terminology and on-chart presentation while preserving its existing calculation framework, weighting structure, visual layout, and signal conditions.
### Changes
- Renamed displayed “Prediction” values to “Directional Score”.
- Replaced “Perfect Time” with “Strong Setup”.
- Renamed the volume-derived component to “Estimated Volume Pressure”.
- Renamed projection visuals to “Directional Scenario Candles”.
- Updated dashboard labels and alert messages for clearer interpretation.
- Removed performance-target wording.
- Added author attribution: Developed by Ceyhun C. Canbazoglu.
### Score Interpretation
The displayed long and short percentages are normalized directional confluence scores derived from the indicator’s rule-based components.
They are not statistical probabilities, expected win rates, guarantees, or forecasts of the next candle’s result.
### Estimated Volume Pressure
Estimated Volume Pressure uses OHLCV data and the closing price’s position within the candle range to estimate directional pressure.
It is not exchange-level bid/ask volume delta or actual aggressive buying and selling volume.
### Directional Scenario Candles
The optional scenario candles are volatility-scaled visualizations based on the indicator’s current directional scores.
They do not forecast the next candle’s exact open, high, low, close, direction, or price target.
### Core Framework
The existing multi-factor framework remains unchanged and continues to evaluate:
- trend direction,
- EMA alignment,
- MACD momentum,
- RSI position,
- Stochastic conditions,
- ADX trend strength,
- relative volume,
- estimated volume pressure,
- and volatility regime.
This indicator is intended as a technical-analysis and decision-support tool. It does not provide financial advice or guarantee trading results.
This update improves the clarity of the indicator's terminology and on-chart presentation while preserving its existing calculation framework, weighting structure, visual layout, and signal conditions.
### Changes
- Renamed displayed “Prediction” values to “Directional Score”.
- Replaced “Perfect Time” with “Strong Setup”.
- Renamed the volume-derived component to “Estimated Volume Pressure”.
- Renamed projection visuals to “Directional Scenario Candles”.
- Updated dashboard labels and alert messages for clearer interpretation.
- Removed performance-target wording.
- Added author attribution: Developed by Ceyhun C. Canbazoglu.
### Score Interpretation
The displayed long and short percentages are normalized directional confluence scores derived from the indicator’s rule-based components.
They are not statistical probabilities, expected win rates, guarantees, or forecasts of the next candle’s result.
### Estimated Volume Pressure
Estimated Volume Pressure uses OHLCV data and the closing price’s position within the candle range to estimate directional pressure.
It is not exchange-level bid/ask volume delta or actual aggressive buying and selling volume.
### Directional Scenario Candles
The optional scenario candles are volatility-scaled visualizations based on the indicator’s current directional scores.
They do not forecast the next candle’s exact open, high, low, close, direction, or price target.
### Core Framework
The existing multi-factor framework remains unchanged and continues to evaluate:
- trend direction,
- EMA alignment,
- MACD momentum,
- RSI position,
- Stochastic conditions,
- ADX trend strength,
- relative volume,
- estimated volume pressure,
- and volatility regime.
This indicator is intended as a technical-analysis and decision-support tool. It does not provide financial advice or guarantee trading results.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。