Pua Candles

Pua Candles Indicator

Named after "Pua," the Hawaiian word for flower, this indicator identifies small, delicate price movements that often precede significant market expansion. Like tiny flowers that can bloom into something magnificent, Pua candles represent seemingly insignificant moments that frequently mark exhaustion areas in the market.

Pua candles are both inside bars (contained within the previous bar's range) and small relative to the ATR threshold. These quiet, compressed price actions often signal consolidation before major moves. When price eventually expands beyond these delicate formations, it can lead to substantial directional movement.

The indicator highlights bullish Pua candles in teal and bearish ones in pink, making these critical junctures easy to spot. Pay special attention to follow-through action after Pua candles - they often mark the calm before the storm.

Features:

Identifies inside bars with small ATR-relative ranges
Customizable ATR period and smallness threshold
Visual highlighting with Hawaiian-inspired colors
Alert notifications for Pua formations and follow-through
No repainting - confirmed signals only

Perfect for spotting potential breakout setups and market turning points.

******Make sure you go to visual order settings and bring to front******