Vector Candles [v6 Optimized + EMA]

[Props to Tino from TradersReality for his dedicated study to the utilization of Vector Candles. The transparency & innovation in his teachings in how to discern bias & execute properly on the basis of Vector candles is something to be studied & respected on its own front.]

Vector Candles represent an innovative technical analysis approach that transforms traditional candlestick charting by integrating volume dynamics, color-coded momentum, and multi-dimensional market insights. Unlike standard candlesticks that merely display price movement, Vector Candles encode additional market information through sophisticated color and volume algorithms.

Key Features:

-Dynamic Volume-Based Coloring: Candles change color based on trading volume intensity

-Volume Categories:
High Volume (Lime/Red): Significant market activity (200%+- Vol of Previous 10 Candles)
Above Average Volume (Blue/Fuchsia): Moderate market momentum (150%+- Vol of Previous 10 Candles).
Normal Volume (Gray Scales): Standard market conditions.
Stopping Volume Candles - Typically Pinbar/Doji candles. Stops volume in the current direction of delivery & can help forecast impending reversals or end to the current trend.

-Integrated EMA (Exponential Moving Average) Option:

-Customizable EMA Length (Default: 50 periods) (I use 33)
Configurable EMA Source (e.g., close price)
Optional EMA Overlay for Trend Confirmation