This indicator marks big candles (major moves in percentage) on the chart and, more importantly, you will be able to add an alert to them.
Indicator checks if the height (high - low) of last closed candle is bigger than the specified percent of the close of its previous. No matter if the last candle is red or green, the indicator compares the move amount with the previous close. Accordingly, seeing a mark above or below a candle means that there is a large movement in it compared to its previous candles.
Default percentage is 5 but you can change it as you with in the settings and I want to underline that the indicator ignores the non-closed candle at the moment.
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Index fix.
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Enhanced indicator flexibility by introducing support for timeframe-specific control percentages for up to 5 timeframes. These updates provide users with improved customisation options, allowing them to identify significant price moves more accurately across different time periods.
@WackyWhisker, After adding the indicator to your chart you would see and option like "Add an alert on Big Moves Indicator" in your alerts menu. Or you can open new alert window and select "Big Moves Indicator" as "Condition".