Thrust Bar: Finding Large Candle Bodies with ATR or Point Thresholds
Summary
The Thrust Bar indicator marks bullish or bearish candles whose bodies exceed a configurable size threshold. It offers two calculation modes: compare the candle body with a multiple of the average true range, or compare it with a fixed number of points. In ATR mode, the user sets the ATR period and multiplier; in Points mode, the user sets the body-size threshold directly. The indicator can show long and short signals separately and supports alerts, email, and push notifications.
A signal marker is placed at the low of a qualifying bullish candle or the high of a qualifying bearish candle. The document explains the indicator’s rules and configurable settings, but provides no performance data, entry or exit plan, or guidance on selecting thresholds. A large candle body identifies directional price movement according to the chosen rule; by itself, it does not establish that the move will continue or provide a complete trading strategy.
Key ideas
- The indicator flags candles when their bodies exceed a chosen size threshold.
- ATR mode compares body size with an ATR-based threshold, while Points mode uses a fixed point value.
- Bullish and bearish signals can be enabled separately.
- Signal markers appear at the low of bullish candles and the high of bearish candles.
- The document gives no evidence that the signals predict profitable trades.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.