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WhaleCandles

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Whale Candles represent trend from the perspective of:

  • Strong Hands (i.e. Pro Traders)
  • Weak Hands (i.e. Average Joe)


This is the meaning of each candle color:
  • Blue: Confirmed start of Bullish Trend controlled by Strong Hands
  • Bright Green: Strong Hands lead the Buys
  • Dark Green: Weak Hands lead the Buys
  • Fuchsia: Confirmed start of Bearish Trend controlled by Weak Hands
  • Bright Red: Strong Hands lead the Sells
  • Pale Red: Weak Hands lead the Sells
Release Notes
Updated Version:
  • Whale Mode: Displays suitable spots where strong hands enter/exit the market
  • Shark Mode: Displays suitable spots where aggressive traders enter/exit the market
  • Whales & Sharks Mode: Displays a combination view of Whales and Sharks entering the market.
  • Custom Alerts: The indicator implements a custom alert system

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.