Circular Candlesticks with Rolling Price Percentiles

Summary

This indicator redraws recent OHLC candles as arcs around a common origin. It maps each price within the rolling high-low range to an angle, then places each candle on a separate radius; older candles sit closer to the center. Wicks are drawn in gray, while candle bodies use different colors for rising and falling closes. The number of displayed bars, chart width, spacing between arcs, and angular precision are adjustable. Lower precision increments produce a more detailed outline but require more drawn lines.

The indicator also marks the rolling close-price 25th and 75th percentiles with radial pointers. The description suggests that recent arcs near the upper pointer may visually indicate an uptrend and that the layout could help reveal clusters or patterns. This is an exploratory visualization rather than a tested trading rule: the document provides no systematic evidence that these visual impressions predict returns. Its rendering also depends on parameter choices and is described as impractical to adjust.

Key ideas

• The indicator converts recent OHLC values into angular positions within a rolling price range.
• Each candle uses a different radius, separating bars by age in the circular display.
• Arc spacing, chart width, history length, and precision control the appearance and drawing load.
• Radial pointers show the rolling close-price quartiles.
• The suggested pattern and trend readings are visual ideas, not supported by performance tests in the document.

Tags

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