This indicator will highlight the candles that’s made a 4% move (up or down) on above average volume. A stock that has moved up +4% will color the candle green and place a green diamond underneath the candle. If a stock has fallen -4% in the most recent candle it will be colored red along with a red square sitting above the candle.
Settings
Choose your Signal Options:
- Bar Color – Select the color that aligns with a positive (+4% Breakout) and a negative (-4% Breakdown).
- Signal Symbol – Choose the signal symbol and location of the signal for the +4% Breakout and -4% Breakdown.