It must be noted that "Blast Off" by itself is not a sufficient system for a trade set up.
This indicator adds traditional as a support structure for blast off. Generally, a compression followed by a cluster of blast off indicates an aggressive "launch" on the upside or downside.
- Blast off is indicated below the candle bar with an up arrow
- Blast off candles can be marked (coloured) if preferred
- can be enabled for prediction of the direction of the blast ("up" or "down")
The Blast Smooth Length applies a smoothing to the ranges (Open - Close) and (High - Low) over the specified length.
Threshold is the "trigger" that indicates a blast off candidate. It is defined in % terms.