Black Camel Candles

Pinpoint panic bottoms and euphoria tops with RSI extremes + % distance from MA + volume spikes. Colors candles and plots triangles at signals. Includes ready-to-use alerts.

# Full description

**Capitulation Finder (Candle Style)** highlights exhaustion moves in both directions by combining three classic filters:

* **Momentum:** RSI at extreme levels (oversold/overbought).
* **Stretch:** Price beyond a **% distance** from a chosen Moving Average (SMA/EMA/WMA/VWMA).
* **Participation:** **Volume spike** vs. its SMA.

When all conditions align:

* **Bullish capitulation** → candle colored **green** with a **triangle up** below the bar.
* **Bearish capitulation** → candle colored **red** with a **triangle down** above the bar.

The script also includes “confirmation” alerts (RSI extreme + high volume) for traders who want earlier heads-ups without the MA-distance filter.

## Inputs

* **RSI Length**, **Oversold**, **Overbought**
* **MA Type** (SMA/EMA/WMA/VWMA), **MA Length**
* **Distance from MA (%)** (stretch threshold)
* **Volume Average Length**, **Volume Multiplier**
* **Show capitulation triangles** (on/off)

## Alerts

* Bullish Capitulation
* Bearish Capitulation
* Oversold Confirmation
* Overbought Confirmation
Tip: set alerts to **Once Per Bar Close** for confirmed signals.

## How to use

* Look for green signals near support for mean-reversion bounces; red signals near resistance for exhaustion/fade setups.
* Works on any market/timeframe. Tune parameters to volatility and instrument.

**Starter presets:**

* **US equities (D/4H):** MA 50, Dist 5–8%, Vol Mult 1.3–1.6, RSI 30/70.
* **Crypto (4H/1H):** MA 100, Dist 6–10%, Vol Mult 1.5–2.0, RSI 25/75.

**Note:** Signals are computed on the active timeframe and can toggle intrabar. For stability, prefer bar-close alerts.
**Disclaimer:** For educational purposes only; not financial advice.

**Suggested tags:** rsi, volume, moving average, capitulation, mean reversion, trend exhaustion, crypto, stocks