Market strength & direction candlesticks

Market strength & direction candlesticks

This Indicator was programmed by Nicolas on this website and as I saw that the idea was interesting I was testing it and I warned that with some instruments (depending on the volatility) or depending on the timeframe it was not the same as weekly programming with the MACD as oscillator trend with (12,26,9) and the Adx as a force oscillator in 14 periods in many occasions did not give the most correct information that could be expected, so try to improve it a bit so that each Trader or Investor can adjust it to your taste.

There is a whole system behind this indicator that is quite complex, the most important thing is that the candles do not have the opening and closing as the Japanese candles ; nevertheless it gives very good information when operating, since after a strong upward trend with many green candles the appearance of a red candle and make a new maximum usually warns of the immediate change of market. I also added two more colors that if we use a trend oscillator in this case to choose between MACD, Momentum or Di of the Adx, so that it would be interesting to know if the price was located above or below the level 0 with which I added the dark blue candle for when oscillator crosses the level 0 up and the pink candle to know when the candle crosses the 0 level down is very interesting to see the bounces on this level 0 with alternating candles of these colors and then follow the route If someone wants to know more information about how this indicator works I explain it in the video. (from the minute 24 or so, so you do not waste time).

It is an indicator to make more visual changing the colors of the candles the force that has a continuous movement of the Price.
It is not more than applying the information of a Moment or Tendency oscillator and an oscillator to determine the force of the movement in progress.

For this and because each Graphic Temporality requires its small adjustments and also the sensitivity of each Investor feels more comfortable with some more Aggressive information and others more Conservative I have configured this Indicator with different possibilities

As Oscillators of Moment or Tendencies we have 3 options in Parameters we have: OscillatorTendenial = 1 the MACD = 2 the Momentum and the = 3 the DI (of the Adx) besides as you will see you can configure each one of the parameters of these oscillators with such get more or less sensitivity

To have the information of the force of the movement in progress we will be able to use two Oscillators MetodoFuerza = 1 the ATR or AverageTrueRange and with the MetodoFerza = 2 the ADX as with the Trend oscillators here we can also adjust the different parameters of the period to get more or less Sensitivity

The operation of the oscillator is very basic if the trend oscillator is directed upwards where it is on its course and at the same time the market oscillator is also upwards we will have a green candle

In the case that the Tender Oscillator goes in an upward direction, however, the strength of the market is decreasing then a cyan or light blue colored candle will be drawn.
In the event that the Tendency Oscillator is decreasing or in a bearish direction and also the Force Oscillator is also decreasing then the candle will be drawn in gold if you notice it is usually the color of the candles in the minor corrections or at the beginning of major corrections
In case the Trend Oscillator draws in a bearish direction and the Force oscillator goes in a rising direction then draw the red candle

These are the main candles or the 4 main colors green cyan gold red however taking advantage of the information of Trend oscillators, I have also configured 2 additional colors that point to the crossing of the trend oscillator of level 0 understanding that this information is important both to locate the possible movement path and when the oscillator both above and below usually reach this level and there again bounces this type of movement is clearly reflected because usually draw together a candle of each color For when cross the level 0 upwards the candle is dark blue and for when it crosses the level 0 downwards then the candle drawn is fuchsia (electric rose)
Regardless of the information of these dark blue and fuchsia candles that is very valuable to be able to locate the possible movement the way to operate with these candles is the following
While doing an impulse green candles if it is bullish and red candles if you are bearish you will see that each candle gets a new maximum or minimum when this does not happen and a candle does not make new maximum in uptrend or new minimum in downtrend Lo what happens is that in this same candle or the next maximum the price should make a minimum correction to touch the EMA8 (Media mobil Exponential 8 periods or TLINE) with what is more usual to change the color of the candles

In the case of an upward trend with green candles depending on the sensitivity, we will surely obtain a first red candle and subsequently different golden candles
Depending on the importance of the correction this could be only with golden or even red candles the end of the correction will be marked by different cyan candles at the time of appearing the first green candle again can be the entry for the most prudent to follow the impulse

In case of bearish trend just the opposite after minimos with red candles a green candle appears and then several cyan candles, if the correction is greater even green candles may appear at the time that another red candle appears and a series of golden candles to which a new red candle appears after the impulse resumes


Tened en cuenta que hay que añadir 9 variables

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. AGTrader • 06/05/2018 #

    Interesante, muy visual Doc. Felicidades!!!

  2. Andraxx • 06/05/2018 #

    simplemente impresionante Dom…te sigo en youtube. Me ha gustado tu canal. Gracias por compartir este indicador

Register or


avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
2 months ago
f1_maik Ein sehr schöner Indikator, vielen Dank. Wenn ich den Indikator importiere und starte hat d...
Nicolas das ist in der Tat normal, Sie müssen die Auf- und Abwärtsfarbe direkt im Parameterfenster d...
FXtonio Bonjour Nicolas, merci pour cette merveille, je l'utilise en compl2ment du "magical buy sell...
Nicolas Modifier la dernière ligne par: RETURN cumDelta[1], hi, lo, cumDelta pour obtenir les val...
Alai-n Cela fonctionne très bien !!! Super Merci
andreabarbuscia Ciao Nicolas, molto bello questo indicatore, l'ho apprezzato molto. Lo sto testando insieme...
1 year ago
ipbvba Quelqu'un a t il pu créer un screener pour cet indicateur, cela serait très utile. Merci bea...
Nicolas Je pense que le code ci-dessous doit fonctionner pour un screener: //PRC_Wick Pressure | i...
Nicolas la dernière ligne doit être: screener[signal>0 or signal<0](signal)
1 year ago
DELBERT Bonsoir , Nicolas , j'ai transféré votre indicateur sur ma PRT 10,3 et j'ai un méssage d'ére...
Nicolas Vous pouvez essayer en remplacant la ligne avec: vwapsd = sqrt(average[lengthz](square(clo...
DELBERT Bonsoir , merci Nicolas , a bientôt .
Xenotrax A première vue, sa à l'air d'être un indicateur très puissant sur de petites temporalités, j...
merri Bonjour Nicolas, Comment transformer cet indicateur en bot sur PRT ?
Nicolas Cela a déjà été fait, voir ce sujet:
Paris On est bien d accord que l indicateur repeint ....
Nicolas naturellement si la bougie du timeframe supérieur n'est pas terminé
ThePenntChemist Does this show 5min time frame?
Vinks_o_7 Hi Bruno Could you tell me where I can find more info about Laguerre candlesick please ?
Vinks_o_7 oops sorry did not see that one had to untick the standard Price to see your candle...
poldoposta si potrebbe trovare una soluzione per sovrapporlo al prezzo?
robertogozzi Basta che tu clicchi sull'etichetta (tag) PREZZO del grafico (appena sotto l'angolo in alto ...
Anonymous This is very useful, look forward to testing it out. Thank you very much
IV Mcm Good job !
idunnomuch IS this working in the latest version of prorealtime? I get the indicator, but not over my c...
bernardmorel egalement apparait en dessous du graphique mais vide
bernardmorel Bonjour est t il possible de remettre en ligne the strat car il y a une indication qui d...
StephFor //ind1 = ZigZagPoint[2*averagetruerange[200]](close) avr = 3 //3% ind1 = ZigZag[avr](close...
Manu L. @Steph un grand merci pour ton aide mais :-( J'ai copier le code tel quel mais cependant j...
AlphaMauss Je n'ai pas réussi à faire fonctionner l'indicateur avec le code fourni en commentaire sur P...
Nicolas Merci d'ouvrir un sujet dans le forum des screeners en respectant les règles de publication ...
Pensera Bravo Nicolas ! Tu es en quelque sorte l’inventeur de Metascore…(oups je viens de lire jusqu...
Nicolas Dans un but d'investissement pure, et non spéculatif.
Nicolas Oui c'est possible. Merci de ne pas poster des demandes qui sont hors sujets. Pour les deman...
Igor Merci pour cet itf. Question : comment faire pour instruire un screener ?
Nicolas tester le croisement du Close avec la première valeur de l'indicateur : "TrailingStop", faci...
bibifricotin Je pense avoir compris dans la première colonne exemple 92 le 9 indique la période et le 2 ...
Leo_da_Pisa It seems to work very well. Good for confirmation. Thanks for sharing Vivien.
larouedegann It doesn't work
ggolfet it seems it's not working on prorealtime 11. I changed MACDSignal to MACDSign in order to av...
juanj Please note that the indicator is meant for PRT 10.3