Candles Suite indicator: a tool for volume trading strategies

Candles Suite indicator is an element of PVA (Price-Volume Analysis) and colors candles (bars, Heiken-Ashi candles) in appropriate colors.

Principle of candle coloring by the PVA assay method

• Maximum point

Candles with volume> = 200% of the average volume of the 10 previous candles, and candles in which the value of the candle x candle volume> = the maximum of the 10 previous candles.

Such candlesticks are colored green (bullish candlestick) and red (bearish candlestick) by default.

• Volume grows above average

Candles with volume >= 150% from the average volume of the previous 10 candles.

Such candlesticks are colored blue (bullish candlestick) and purple (bearish candlestick) by default.

The Candles Suite indicator allows you to configure several color options. In addition, the indicator is equipped with an alert when the maximum points are reached.

According to ForTrader.org experts, Candles Suite indicator will greatly facilitate the analysis of the situation on the foreign exchange market and making trading decisions in strategies that take into account volumes.

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