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Candy Bars v1.0

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Candy Bars v1.0 – Swing Reversal Indicator

Candy Bars v1.0 is a proprietary swing reversal indicator designed to highlight potential turning points in the market with precision. Utilizing a combination of price action dynamics and directional movement analysis, this tool identifies key bar structures and momentum shifts to help traders visualize potential trend reversals.

Key Features:
Swing Reversal Detection: Highlights areas where momentum may be shifting, indicating possible trade opportunities.
Custom Bar Coloring: Paints specific bars based on internally calculated conditions to make key signals visually intuitive.
Inside & Outside Bar Analysis: Differentiates inside bars, which suggest potential continuation or breakout setups, and outside bars, which may indicate strong reversals.
Dynamic Labeling: Displays contextual market information, such as relative bar ranges and swing count data.
Divergence-Based Filtering: Detects instances where underlying momentum and price action may be misaligned, signaling potential reversals.
No Repainting: Signals remain fixed once a bar closes, ensuring reliability in real-time trading scenarios.

Candy Bars v1.0 is an advanced trading tool designed for traders looking to enhance their ability to spot high-probability reversal points with clarity and confidence.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.