• Overview
  • Reviews (7)
  • Comments (93)
  • What's new

Candle Power Pro

4.33

Unlock the power of real volume information with the Candle Power Pro indicator. This dynamic tool captures the actual volume data for each candle and presents it as a percentage of the total volume. By doing so, it empowers you to discern the ongoing struggle between buyers and sellers in the market.

The Candle Power Pro displays the battle between buyers and sellers as a percentage of the total volume, giving you valuable insights into market dynamics. You can easily confirm breakouts by analyzing the volume of buyers and sellers, ensuring more accurate entry and exit points. Additionally, you can utilize the volume of buyers and sellers to confirm trends, increasing the reliability of your trading strategy. Moreover, you can identify trend reversals by analyzing changes in the volume of buyers and sellers, allowing you to stay ahead of market shifts.

The indicator offers a range of features to enhance your trading experience. You can draw volume averages as lines for easy visualization and compare volume percentages with 19 other symbols for further analysis. The Candle Power Pro also employs colored candles based on volume percentage, enabling quick identification of market shifts. Mobile and popup alerts keep you informed of important market movements, while easy access to account information ensures quick reference.

By incorporating real volume information into your trading strategy, you gain valuable insights and improve your decision-making process. Don't miss out on this affordable and essential tool for any serious forex trader. Take advantage of the Candle Power Pro now and start trading smarter.


Parameters

  • Button Parameters -  Activate/ Deactivate volume related features and customization ( Battle, Volumes, Average, Compare, Graph, Chart).
  • Battle Button Parameters
    • Bull/Bear Percentage Hit Level - Volume percentage level for alert.
  • Volumes Button Parameters
    • Volume Hit - Activate/ Deactivate volume hit arrow.
    • Volume Hit Level - Volume level for arrow.
  • Average Button Parameters 
    • Volume Period - Averaging period for calculation.
  • Compare Button Parameters
    • Symbol List
      • Symbol 0-18 - List of symbols (EUR/USD = EURUSD etc...).
  • Chart Button Parameters
    • Range 1-5 - Percentage ranges for candle colors (90%-100% = Red color etc...)
  • Alert Parameters - Customize alerts for specific conditions.
    • Graphic Parameters - Customize visual appearance and colors.
    • Common Parameters -  Configure general indicator settings.
    Reviews 7
    David T
    227
    David T 2023.08.28 14:08 
     

    After downloading the demo and using it on Strategy Tester I immediately saw how this powerful indicator would greatly assist any trader by providing a VERY powerful confirmation of trade direction when used with price action. Not to be used as a stand alone system but together with some good knowledge of support/resistance or some SMC and makes taking a trade that more reassuring. I then proceeded to rent it for a month and immediately saw so far even after a few hours that what I saw in the tester held up in live markets. The developer was VERY open to my suggestions and was very pleasant to deal with. Very responsive. I honestly believe this is one of the best indicators I have ever found not only here on MQL5 but anywhere else online past and probably in the future and believe me I have seen hundreds if not thousands of indicators. Hidden Gem .

    I have now upgraded to a full purchase. Seller VERY considerate and accommodating to my situation. Best seller I have dealt with honestly. Couldn't be more helpful. I am so thankful to him and now possess this fantastic indicator.

    Anthony Baez
    129
    Anthony Baez 2023.08.14 01:55 
     

    Great Recent Update and provides great info for your confirmation in trades

    Gregory Knobloch
    357
    Gregory Knobloch 2021.10.22 18:33 
     

    I really like it!

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    David T
    227
    David T 2023.08.28 14:08 
     

    After downloading the demo and using it on Strategy Tester I immediately saw how this powerful indicator would greatly assist any trader by providing a VERY powerful confirmation of trade direction when used with price action. Not to be used as a stand alone system but together with some good knowledge of support/resistance or some SMC and makes taking a trade that more reassuring. I then proceeded to rent it for a month and immediately saw so far even after a few hours that what I saw in the tester held up in live markets. The developer was VERY open to my suggestions and was very pleasant to deal with. Very responsive. I honestly believe this is one of the best indicators I have ever found not only here on MQL5 but anywhere else online past and probably in the future and believe me I have seen hundreds if not thousands of indicators. Hidden Gem .

    I have now upgraded to a full purchase. Seller VERY considerate and accommodating to my situation. Best seller I have dealt with honestly. Couldn't be more helpful. I am so thankful to him and now possess this fantastic indicator.

    Thushara Dissanayake
    23897
    Reply from developer Thushara Dissanayake 2023.08.29 15:11
    Thank you so much for taking the time to share your detailed and positive experience with the indicator! I'm thrilled to hear that you've found it to be a valuable tool in confirming trade directions alongside price action. Your insights about using it in conjunction with support/resistance or SMC are truly valuable. It's fantastic to know that the indicator's performance in live markets aligns with your observations in the Strategy Tester. I greatly appreciate your kind words about my responsiveness and openness to suggestions. I'm always dedicated to refining the indicator to meet the needs of traders like you. Your review truly makes my day, and I'm honored to have this indicator labeled as a "Hidden Gem." Thank you again for your support and for recognizing the efforts put into creating a useful tool. If you ever have more ideas or feedback, feel free to reach out. Happy trading!
    Anthony Baez
    129
    Anthony Baez 2023.08.14 01:55 
     

    Great Recent Update and provides great info for your confirmation in trades

    Thushara Dissanayake
    23897
    Reply from developer Thushara Dissanayake 2023.08.14 03:25
    Thank you for your kind words! I'm thrilled that you're finding the recent update to be valuable and informative for your trading decisions. If you have any questions or need further assistance, feel free to reach out. Happy trading!
    ROBERT EDWARD BIRD
    2078
    ROBERT EDWARD BIRD 2023.01.09 01:10 
     

    Rented but am a little disappointed. The EA does not reflect what's shown in the video. It's different. Buy/sell arrows do not appear. Candle power seems to mean nothing. Example, it could read 90bull 10 bear and it goes in the bear direction. Not finding this to be helpful at all. Perhaps the author can help figure this out. Happy to edit review if I'm using this wrong

    Thushara Dissanayake
    23897
    Reply from developer Thushara Dissanayake 2023.05.04 19:46
    I apologize for the disappointment you've experienced. The video you watched was based on an older version of the Candle Power Pro indicator. Since then, I have made significant updates and improvements to the tool, and it's now at version 1.5. As you correctly pointed out, the Candle Power Pro is based on volume data, which can sometimes result in a situation where it shows 90% bull and 10% bear, yet the price goes in the bear direction. However, it's important to note that this is precisely the type of scenario where the tool can be most useful. The Candle Power Pro can help you carefully analyze volatile market conditions and make informed trading decisions. For example, when the price goes in the bear direction despite high bullish volume, you can pay closer attention to the next candle and see whether the buyers are still following the previous price's direction or not. If the next candle also shows a higher bull percentage but the price continues to move down, it could mean that buyers are still waiting for the previous direction. In the following candle, they might follow the new price direction with a higher bear percentage. This could indicate a reversal or a retracement, or it could be due to a news event. I'm here to help you with any issues you may be having. Please don't hesitate to reach out to me for further assistance. Thank you for your feedback.
    Gregory Knobloch
    357
    Gregory Knobloch 2021.10.22 18:33 
     

    I really like it!

    Serge Charbit
    204
    Serge Charbit 2021.02.11 21:47 
     

    bonjour, comment expliqueriez vous une bougie contraire a son pourcentage ?

    globetrotter777
    473
    globetrotter777 2020.08.11 09:51 
     

    I usually don't comment on digital product but this is a good one... well done Thushara!

    Lev Vladimirovic Marushkin
    1636
    Lev Vladimirovic Marushkin 2019.11.13 12:51 
     

    Very useful tool! Author is very friendly and plans some great improvements for the next version. Happy buyer here so far :)

    Update: Testing new version 1.3 right now. So far i am blown away by this indicator! So easy to see the TRUE trend of the market. And i love the fact that now we can simply click directly on the chart and see what we want to see. The new panel is really a masterpiece. Support is worldclass too. Thank you Thushara!

    Reply to review
    Version 1.6 2023.08.13
    1. Customizable font sizes for improved readability.
    2. Integration of key tools: Fibonacci, Pivot, ATR, and Channel.
    3. Enhanced toolbar for easy tool activation/deactivation via double-click.
    4. Improved volume hit alert system, now compatible with all timeframes.
    Version 1.5 2023.05.04
    1. Product logo updated.
    2. Input feature added to enable/disable toolbar.
    Version 1.4 2020.04.24
    1. Added alert for user define volume percentage level (Bull/ Bear)
    2. Added alert for user define volume level
    3. Show arrow on the candle that meet user define volume level
    4. Change and added input parameters
    Version 1.3 2019.12.04
    1. Optimized complete algorithm for fast activity.
    2. Added buttons for quick action.
    3. Added standard volume indicator.
    4. Added volume average indicator.
    5. Added volume percentage line graph indicator.
    6. Added candle color change activity by volume percentage.
    7. Increased data on multi pair volume indicator.
    8. Changed input parameters.
    Version 1.2 2018.09.20
    1. Updated the product logo.
    Version 1.1 2018.03.27
    1. Use separate indicator window.
    2. Add more extra symbols for show volume data.
    3. Fixed few bugs that related to double numbers and type of brokers.