A Bar-Size Indicator That Marks Candles Above a Threshold

Summary

The document explains a simple chart indicator that marks bars whose size exceeds a user-defined minimum. Its description says the bar’s body is considered, using the opening and closing prices to determine size. The only setting described is the minimum bar size, expressed in points. This makes the tool a configurable way to highlight candles with comparatively large bodies on a price chart.

The document does not explain how the marked bars should be interpreted, whether upper and lower shadows affect the calculation, or how the indicator might be incorporated into an entry or exit strategy. It provides no examples, market-specific guidance, backtest, or performance evidence. Traders would need to verify the precise size calculation and choose a threshold appropriate to the instrument and price scale before using the marks in analysis.

Key ideas

• The indicator marks bars whose size exceeds a configured minimum.
• The stated size calculation considers the candle body using its open and close prices.
• The threshold is set in points.
• The document gives no trading rules or evidence that the indicator predicts returns.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.