Grouped Candle Analysis with Trend, Volume, and Pattern Context

Summary

This script divides a recent window of chart bars into equal-sized blocks and displays their boundaries, optional composite candles, and a dashboard of price and volume context. Users choose the window and group count, so the resulting block size changes with those settings. The calculation can use the last confirmed bar for stable readings or the live bar, which can change before it closes.

The visible code describes block-level OHLC and volume aggregation, trend and channel characterization, candlestick pattern measurements, and comparisons between adjacent blocks. Its narrative fields include trend direction and quality, price structure, volume dominance and divergence, current-bar pattern and pressure, and channel position. It also includes volume-pressure estimates based on directional price movement weighted by traded volume. These are indicator-generated classifications and visual summaries, not demonstrated trading signals: the supplied excerpt gives no performance evaluation, validation method, or evidence that its labels forecast returns.

Key ideas

• Recent bars are partitioned into equal-sized blocks controlled by window and group settings.
• The confirmed-bar mode uses closed data, while the live-bar mode can change until the current bar closes.
• Composite candles and dashboard fields summarize block structure, trends, candlestick shapes, and volume pressure.
• The script presents heuristic classifications and visual analytics, but the excerpt reports no tested trading performance.

Tags

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