Average Change Candles for Price Impulse and Volatility

Summary

AverageChangeCandle is a chart indicator designed to display price impulse and give a visual sense of market volatility. It calculates changes for the open, high, low, and close price series and presents those four measurements together as a candlestick chart. The document identifies the indicator’s author and notes that its calculations rely on smoothing classes described in a separate article.

The description explains the indicator’s intended display and inputs at a high level, but does not specify the calculation formula, smoothing choices, or how the plotted values should be interpreted as trading signals. It provides no performance results, examples, or tests showing whether the display improves volatility assessment or trading decisions. As a result, it is best understood as a description of a visualization tool, rather than evidence for a standalone strategy. Its usefulness depends on the implementation details and on how a trader incorporates the impulse display into broader analysis.

Key ideas

• The indicator calculates price impulse for open, high, low, and close series.
• It presents the four calculated series in a candlestick style display.
• The document describes volatility assessment as an intended use.
• Its calculation details and trading performance are not provided.

Tags

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