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Candle Range Classifier Dots Only

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Candle Range Classifier (Dots Only)

This indicator analyzes the price range of each candle relative to its recent average range to classify market activity into three categories: wide range, narrow range, or normal range.

Wide Range Candles (red dots above bars) indicate significant price movement and strong market effort.

Narrow Range Candles (blue dots below bars) indicate low volatility and possible market absorption or consolidation.

Normal Range Candles are not marked, keeping the chart clean and focused on meaningful range extremes.

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