Longest Candles Highlighter

Hôm kia

Description:
The Longest Candles Highlighter is a simple yet effective tool that identifies and highlights candles with significant price ranges. By visually marking candles that meet specific size criteria, this indicator helps traders quickly spot high-volatility moments or significant market moves on the chart.

Features:
1. Customizable Candle Range:
- Define the minimum and maximum candle size in pips using input fields.
- Tailor the indicator to highlight candles that are most relevant to your trading strategy.

2. Flexible for Different Markets:
- Automatically adjusts pip calculation based on the instrument type (Forex or non-Forex).
- Accounts for differences in pip values, such as the 0.01 pip for JPY pairs in Forex.

3. Visual Highlighting:
- Highlights qualifying candles with a customizable background color for easy identification.
- The default color is red, but you can choose any color to match your chart theme.

4. Precision and Efficiency:
- Quickly scans and identifies candles that meet your criteria, saving you time in analyzing charts.
- Works seamlessly across all timeframes and asset classes.

How It Works:
- The indicator calculates the range of each candle in pips by subtracting the low from the high and dividing by the appropriate pip value.
- It checks whether the candle's size falls within the user-defined minimum and maximum pip range.
- If the conditions are met, the background of the candle is highlighted with the specified color, drawing your attention to significant price movements.

Use Case:
- This indicator is ideal for identifying key market moments, such as breakouts, volatility spikes, or significant price movements.
- Traders can use it to quickly locate large candles on any chart, aiding in technical analysis and strategy development.

This tool simplifies the process of spotting important candles, empowering traders to make faster and more informed trading decisions.