PROTECTED SOURCE SCRIPT
Bull Snort (Power Candle)
The Bull Snort is a single-day price–volume signal designed to highlight potential institutional buying activity before major moves.
It combines volume surge, bullish price action, and strong closing strength into one clean visual trigger.
This indicator marks candles where demand shows unusual intensity compared to recent history.
What defines a Bull Snort?
A signal appears when all of the following conditions are met:
Volume Surge
Volume is significantly higher than its recent average (relative expansion).
Positive Price Move
The candle closes above the previous day’s close.
Close Near High
Price closes in the upper portion of the candle’s range, indicating buying pressure into the close.
When these align, a triangle is plotted below the candle.
How to Use
The Bull Snort is not a buy signal by itself.
It is an attention signal that highlights:
Early institutional participation
Potential breakout candidates
Momentum ignition days
Stocks entering accumulation phases
Best used alongside:
Base structure analysis
Trend context
Follow-through confirmation
Ideal Market Conditions
This indicator works best on:
Daily timeframe
Stocks forming bases
Early trend transitions
Pre-breakout setups
Visual Output
▲ Triangle plotted below qualifying candles
Medium size for clear but non-intrusive visibility
Notes
Signals are intentionally selective to avoid noise.
Not every strong candle will qualify.
Designed for scanning and idea generation, not standalone entries.
Disclaimer
This indicator is for educational and analytical purposes only and should not be considered financial advice. Always combine signals with your own analysis and risk management.
It combines volume surge, bullish price action, and strong closing strength into one clean visual trigger.
This indicator marks candles where demand shows unusual intensity compared to recent history.
What defines a Bull Snort?
A signal appears when all of the following conditions are met:
Volume Surge
Volume is significantly higher than its recent average (relative expansion).
Positive Price Move
The candle closes above the previous day’s close.
Close Near High
Price closes in the upper portion of the candle’s range, indicating buying pressure into the close.
When these align, a triangle is plotted below the candle.
How to Use
The Bull Snort is not a buy signal by itself.
It is an attention signal that highlights:
Early institutional participation
Potential breakout candidates
Momentum ignition days
Stocks entering accumulation phases
Best used alongside:
Base structure analysis
Trend context
Follow-through confirmation
Ideal Market Conditions
This indicator works best on:
Daily timeframe
Stocks forming bases
Early trend transitions
Pre-breakout setups
Visual Output
▲ Triangle plotted below qualifying candles
Medium size for clear but non-intrusive visibility
Notes
Signals are intentionally selective to avoid noise.
Not every strong candle will qualify.
Designed for scanning and idea generation, not standalone entries.
Disclaimer
This indicator is for educational and analytical purposes only and should not be considered financial advice. Always combine signals with your own analysis and risk management.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.