A Volume-Weighted Candlestick Size Alert Indicator

Summary

This indicator highlights candlesticks when candle size multiplied by volume exceeds a configured threshold. Users can define size using either the candle body or its full high-to-low range, choose the applied volume measure, and set which bar triggers a signal. The available settings also include sound, email, and push alerts.

The description identifies tick volume as the default volume input and gives no trading rules, performance results, or validation evidence. It is therefore a signal visualization and alert tool rather than a complete strategy. The threshold and candle-size definition determine which bars qualify, and users would need to assess the indicator’s behavior on their instrument and data before using its signals in trading decisions.

Key ideas

• The indicator flags candles whose size multiplied by volume passes a chosen threshold.
• Candle size can be based on the body or the full candle range.
• The user can select the volume input and the bar used for signal generation.
• Alert options include sound, email, and push notifications.
• The description provides no evidence that the signals predict future returns.

Tags

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