Candle Type Identifier

The Candle Type Identifier classifies every bar into four signature candle categories using structured body-to-range analysis and wick behaviour. This helps traders instantly recognize strength, rejection, and special closing conditions within price action.

🔹 M — Marubozu Candle

A candle with a dominant body and minimal opposing wick, showing strong directional intent and clear control by either buyers or sellers. These candles often appear during trending phases or high-momentum moves.

🔹 N — Normal Candle

A balanced candle where the body and wicks are proportionate, indicating steady movement without extreme dominance or rejection. This type reflects typical price flow seen in healthy markets.

🔹 P — Pinbar/Doji Candle

A candle where the body is relatively small compared to its total range, highlighting hesitation, absorption, or strong wick-based rejection. These candles frequently form near turning points, liquidity pockets, or consolidation zones.

🔹 S — Special Marubozu Candle

A unique candle type where the close occurs extremely close to the high (for bullish candles) or very close to the low (for bearish candles). This structure signifies aggressive closing pressure, often hinting at momentum continuation or decisive breakout conditions.

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This indicator gives traders a clear visual classification of candle strength, rejection, and sentiment, making it easier to interpret market structure, identify shifts, and filter entries with precision.