CandelaCharts - OHLC Volatility Range Map

3天前

📝 Overview

Unlock the power of volatility analysis with the OHLC Volatility Range Map!

Volatility reveals the intensity and speed of price movements, often accompanied by manipulative wicks extending in the opposite direction of a candle’s close.

These sharp moves, common in volatile markets, are designed to mislead traders into taking positions against the prevailing trend. Such manipulation signals potential volatility spikes and offers key insights into market dynamics.



By analyzing these patterns, traders can anticipate the candle's distribution phase, where the price expands to new highs or lows during heightened volatility.

This phase provides crucial clues for spotting liquidity draws, retracement opportunities, and potential reversals, making the OHLC Volatility Range Map an indispensable tool for navigating fast-moving markets.

📦 Features

This tool offers a range of powerful features to enhance your trading analysis:

• Real-time Data Feed: Stay updated with live candlestick stats, with each new candle updating OHLC data and performing ongoing historical calculations, even on sub-minute timeframes.
  
• User-Friendly Interface: Designed for advanced traders, the intuitive interface allows easy navigation and customization of display settings, offering a personalized experience for data-driven analysis.
  

⚙️ Settings

• Method: Sets the desired calculation algorithm.
  
• Visualization: Controls the display modes.
  
• Current volatility: Display the current-day volatility.
  
• Use NY Midnight Open: Sets the day start
  

⚡️ Showcase

Here’s a visual showcase of the tool in action, highlighting its key features and capabilities:

Histogram


Barchart


📒 Usage

Here’s how you can use the OHLC Volatility Range Map to enhance your analysis:

• Add OHLC Volatility Range Map to your Tradingview chart.
  
• Watch at high-volatility zones that align with your analysis.
  
• Combine this data with other models and insights to strengthen your trading strategy.
  

Example 1


By following these steps, you'll unlock powerful insights to refine and elevate your trading strategies.

🔹 Notes

Available calculation methods:

• Mean
  
• Median
  

🚨 Alerts

The indicator does not provide any alerts!

⚠️ Disclaimer

These tools are exclusively available on the TradingView platform.

Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.

By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.

We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.

By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.