Candle Size Monitor

Candle Size Monitor – Description
Update 27.10.25

Objective Volatility Assessment
The Candle Size Monitor helps traders assess actual market movement—regardless of whether candles appear visually large or small on the chart. It supports evaluating whether your planned trade structure (e.g., stop-loss, take-profit) aligns with current volatility.

Key Features


Volatility Analysis:

Calculates the average candle size (difference between high and low) over a user-defined number of candles.
Identifies the largest candle in the selected period.
Displays results in a compact table on the chart.



Exchange Rate Integration (optional):

Shows the current USD-EUR exchange rate (formatted with German-style comma and four decimal places).
Useful for traders in USD-denominated markets who apply EUR-based risk management rules.



Customizable Display:

Text Size: Small, medium, or large.
Colors: Customizable text and background colors.
Table Position: Top/bottom left/right.
Number of Candles: User-defined (default: 20).



Dynamic Updates:

The table updates with each new bar.
The exchange rate is fetched in real-time from OANDA:EURUSD.




Settings and Translations
Settings

Anzahl Kerzen → Number of Candles (Number of candles for calculation, default: 20).
Textgröße → Text Size (Text size in the table: small, medium, large).
Textfarbe → Text Color (Text color, default: white).
Hintergrundfarbe → Background Color (Background color of the table, default: black).
Position → Position (Table position: Top Left, Top Right, Bottom Left, Bottom Right).
Wechselkurs anzeigen (USD → EUR) → Show Exchange Rate (USD → EUR) (Option to display the exchange rate).


Table Contents and Translations
The table displays the following information (with German formatting):


Ø Größe (N): [Wert]
English: "Avg Size (N): [Value]" (Average candle size over the last N candles).
Example: "Ø Größe (20): 15,3" → "Avg Size (20): 15.3".


Größte Kerze: [Wert]
English: "Largest Candle: [Value]" (Largest candle size in the selected period).
Example: "Größte Kerze: 42,7" → "Largest Candle: 42.7".


1 USD = [Wert] € (only if enabled)
English: "1 USD = [Value] EUR" (Current USD-EUR exchange rate, formatted with a comma).
Example: "1 USD = 0,9234 €" → "1 USD = 0.9234 EUR".