Candlestick Gain and Loss Display with Adjustable Thresholds

Summary

This indicator highlights candlesticks whose price changes exceed user-set thresholds, showing both percentage and broker-point values. It can measure change from the bar's open to close or from the previous close to the current close, and lets the user choose display colors and label spacing. A bar limit controls how much history is processed, with larger ranges requiring more work.

The document presents the tool as an aid for market analysis and for spotting unusually strong bullish or bearish bars, rather than as a dependable standalone signal generator. It offers no performance study, trading rules, or evidence that large changes predict future returns. Users may experiment with such moves as entry or exit cues, but the source provides no validation of that approach.

Key ideas

• The indicator displays percentage and point changes for bars that pass configurable minimum thresholds.
• The change can be measured from the current bar's open or from the previous bar's close.
• Display colors, label distance, and the number of bars processed are configurable.
• The tool is intended mainly to support chart analysis, and the document provides no evidence of predictive performance.

Tags

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