Price Move Detector

Jan 21

The Price Move Detector is a powerful technical analysis tool that automatically detects and highlights significant price movements over a user-defined time frame. This indicator allows traders to quickly identify instances where an asset has experienced a large price change, making it easier to spot potential trading opportunities.

Key Features

• Customizable Parameters: Adjust the percentage change and time period (bars or sessions) to define what qualifies as a "significant" price move.
  
• Automatic Highlighting: The indicator overlays a background highlight on the chart whenever the price moves by the specified percentage within the chosen time period.
  
• Flexible Time Frame: Use this indicator across various timeframes and adjust the settings to suit your trading strategy, such as detecting 100% price moves over 20 sessions.
  
• Ideal for Historical Analysis: Perfect for backtesting and screening for past price surges, helping traders spot explosive price action and market trends.
  

Use Cases

• Spot Potential Breakouts: Use the detector to identify stocks or assets that have made significant moves, potentially signaling the start of a breakout or new trend.
  
• Quickly Identify Major Market Moves: Scan historical data to pinpoint times when an asset experienced substantial price changes, providing insight into past performance and future potential.
  

How to Use

Customize the Settings

• Percentage Threshold: Set the minimum percentage increase (e.g., 50%, 100%) that qualifies as a significant move. You can experiment with different percentages to suit your analysis.
  
• Time Period (Bars): Define the lookback period (in bars/sessions) over which the price move should be measured. For example, set it to 20 bars for a one-month time frame on a daily chart.
  

Analyze the Highlights

• Whenever the price increases by the defined percentage over the set period, the indicator will highlight that section of the chart with a background color.
  
• The highlighted sections will make it easy to identify historical periods of large price movements, which can be useful for spotting trends, potential breakouts, or other market behaviors.
  

Adjust the Parameters for Your Strategy

• You can fine-tune the settings to detect smaller or larger price moves depending on your trading goals.
  
• The indicator is flexible enough for use on different timeframes and assets, providing valuable insights across various markets.
  

Jan 24

Release Notes

PLEASE NOTE: The shared chart demonstrates how the Price Move Detector highlights significant price movements that meet the user-defined criteria. In this example, you can see sections of the chart with a green background, which indicate periods where the price advanced by the specified percentage within the chosen number of bars (sessions).