MarketDominance
- Indicators
- Version: 1.0
- Activations: 5
Short description (marketplace listing, ~400 chars)
MarketDominance visualizes intraday market control by accumulating candle bodies from the session start. Every bar is classified as Bullish, Bearish or Doji and "poured" into green/red bottles on an on-chart panel — the taller the bottle, the stronger the side's dominance. Includes doji detection with wick analysis, Big/Normal bar classification (ATR or average body), 90-day historical averages, and a color-coded dominance footer. Fully customizable, works in the Strategy Tester.
Full description
MarketDominance — Who controls the session?
MarketDominance is an analytical indicator that answers one simple question in real time: is the current trading session controlled by buyers or sellers?
Instead of showing raw price, it uses a simple, transparent model: from the session start, every closed bar is classified and its candle body is accumulated on the side of the winner — like filling a bottle with water of the same color.
- Bullish bars (close > open) → their body is added to the green bottle
- Bearish bars (close < open) → their body is added to the red bottle
- Doji bars → counted, but produce no accumulation (they are marked with a small dot above the candle)
No wicks, no subtraction, no repainting — just pure body accumulation with the same rules every time.
How a bar is classified
- Bullish — close is above open
- Bearish — close is below open
- Doji (either rule):
- Rule 1: body is small (≤ doji body, in price units) AND the body is not dominant (≤ max % of the candle range)
- Rule 2: both wicks exist, are almost equal (|upper wick − lower wick| ≤ doji wick), AND the body is small and not dominant
Big / Normal
Each non-doji bar is additionally marked Big or Normal using your chosen method:
- ATR method — body ≥ N × ATR(period)
- Average body method — body ≥ N × average body(period)
90-day averages
The panel shows the average number of Bullish / Bearish / Doji bars per trading day over the last 90 days (configurable), computed with the same classification rules — so you can instantly compare today's activity to the recent norm.
Session handling
- Counts start at the configured session start time (hour/minute, server time) and reset when the new session produces its first bar.
- On weekends/holidays the panel keeps showing the last completed session's results.
On-chart panel
- Session start time and total bar count with Bull/Bear/Doji breakdown
- Bullish / Bearish totals and Big/Normal split
- Three "bottle" bars (BULL / BEAR / DOJI) with live fill height
- 90-day averages block with today's comparison
- Color-coded footer: DOMINANCE: BULLISH / BEARISH / EVEN + net body difference and percentage split
Benefits
- ✅ Simple and transparent — no black-box math, every value is explained
- ✅ No repainting — closed bars only; stable signals and panel values
- ✅ Full customization — timeframe, session start, doji thresholds, colors, corner, fonts
- ✅ Works in the Strategy Tester (visual mode) for backtesting analysis
- ✅ Lightweight — zero indicator buffers, no external dependencies
- ✅ Chart object based — the panel is fully separate from the price scale
Input parameters
| Group | Parameter | Description | Default |
|---|---|---|---|
| Analysis | Bar timeframe to analyze | TF the bars are read from (M1…MN1) | M5 |
| Session start hour (server time) | Hour when the session begins | 1 | |
| Session start minute (server time) | Minute when the session begins | 0 | |
| Doji definition | Doji if body <= X (price units) | Max body size for a doji | 3.0 |
| Doji if wick diff <= X (price units) | Max upper/lower wick difference | 2.0 | |
| Max body, % of candle range | Body must not dominate the range | 50% | |
| Doji dot | Doji dot color | Dot color above doji candles | White |
| Dot gap above the candle (points) | Dot offset from the high | 8 | |
| 90-day averages | Number of days to average | History window | 90 |
| Show 90-day averages on panel | Toggle the averages block | true | |
| Big / Normal | Big body method | ATR or average body | ATR |
| ATR period | ATR period for Big check | 14 | |
| ATR multiplier | Body ≥ N × ATR | 1.0 | |
| Avg body period | Average body period | 20 | |
| Avg body multiplier | Body ≥ N × avg body | 1.0 | |
| Panel | Panel corner | TL / TR / BL / BR | Top-Left |
| Bullish / Bearish / Doji / Title color | Panel colors | Lime / Tomato / DarkGray / White | |
| Panel margin X / Y | Offset from the corner | 10 / 20 | |
| Panel font size | Text size | 9 |
