Candle Strength Momentum
- Indicators
-
Nguyen Thanh Trieu
I'm a software developer and trader. I build practical tools for MetaTrader 5 that I use in my own trading.
My work covers market structure, price action logic, risk visualization, and custom indicators and utilities. - Version: 2.2
- Activations: 8
Most retail traders lose money on fake breakouts. You see a strong green candle close above resistance, you buy, and the market reverses. The price moved, but heavy volume did not support it.
Traditional oscillators like RSI or MACD average out past prices. They lag behind the market and cannot show the actual forces inside the current candle.
Candle Strength Oscillator measures buying and selling pressure directly. It separates momentum into distinct Buy and Sell lines, weighing them against volume and trend strength. You see exactly who controls the market before the candle closes.
Core Mechanics
- Pressure Lines: Separate calculations for buying and selling strength.
- Power Cloud: Visualizes the gap between buyers and sellers.
- Volume Integration: Filters out low-volume price spikes to prevent trap entries.
- All-in-One Dashboard: Displays lot size margin, RSI sentiment, and countdown timers on the main chart.
You do not need to stack multiple indicators on your screen. This tool keeps your workspace clean while giving you the momentum data you need for day trading and scalping.
