Candle Power Pro
- Indicators
- Thushara Dissanayake
- Version: 1.6
- Updated: 13 August 2023
- Activations: 20
Unlock the power of real volume information with the Candle Power Pro indicator. This dynamic tool captures the actual volume data for each candle and presents it as a percentage of the total volume. By doing so, it empowers you to discern the ongoing struggle between buyers and sellers in the market.
The Candle Power Pro displays the battle between buyers and sellers as a percentage of the total volume, giving you valuable insights into market dynamics. You can easily confirm breakouts by analyzing the volume of buyers and sellers, ensuring more accurate entry and exit points. Additionally, you can utilize the volume of buyers and sellers to confirm trends, increasing the reliability of your trading strategy. Moreover, you can identify trend reversals by analyzing changes in the volume of buyers and sellers, allowing you to stay ahead of market shifts.
The indicator offers a range of features to enhance your trading experience. You can draw volume averages as lines for easy visualization and compare volume percentages with 19 other symbols for further analysis. The Candle Power Pro also employs colored candles based on volume percentage, enabling quick identification of market shifts. Mobile and popup alerts keep you informed of important market movements, while easy access to account information ensures quick reference.
By incorporating real volume information into your trading strategy, you gain valuable insights and improve your decision-making process. Don't miss out on this affordable and essential tool for any serious forex trader. Take advantage of the Candle Power Pro now and start trading smarter.
Parameters
- Button Parameters - Activate/ Deactivate volume related features and customization ( Battle, Volumes, Average, Compare, Graph, Chart).
- Battle Button Parameters
- Bull/Bear Percentage Hit Level - Volume percentage level for alert.
- Volumes Button Parameters
- Volume Hit - Activate/ Deactivate volume hit arrow.
- Volume Hit Level - Volume level for arrow.
- Average Button Parameters
- Volume Period - Averaging period for calculation.
- Compare Button Parameters
- Symbol List
- Symbol 0-18 - List of symbols (EUR/USD = EURUSD etc...).
- Chart Button Parameters
- Range 1-5 - Percentage ranges for candle colors (90%-100% = Red color etc...)
- Alert Parameters - Customize alerts for specific conditions.
- Graphic Parameters - Customize visual appearance and colors.
- Common Parameters - Configure general indicator settings.
After downloading the demo and using it on Strategy Tester I immediately saw how this powerful indicator would greatly assist any trader by providing a VERY powerful confirmation of trade direction when used with price action. Not to be used as a stand alone system but together with some good knowledge of support/resistance or some SMC and makes taking a trade that more reassuring. I then proceeded to rent it for a month and immediately saw so far even after a few hours that what I saw in the tester held up in live markets. The developer was VERY open to my suggestions and was very pleasant to deal with. Very responsive. I honestly believe this is one of the best indicators I have ever found not only here on MQL5 but anywhere else online past and probably in the future and believe me I have seen hundreds if not thousands of indicators. Hidden Gem .
I have now upgraded to a full purchase. Seller VERY considerate and accommodating to my situation. Best seller I have dealt with honestly. Couldn't be more helpful. I am so thankful to him and now possess this fantastic indicator.