Power Bar MT5 Trading Capital P
- Indicators
- Version: 1.1
- Updated: 25 October 2026
- Activations: 10
Power Bar marks the candles that matter: unusually large, with a strong body and a close near the extreme. Then it answers the question every trader asks next: after a candle like this, does the move usually continue on this market and timeframe? The answer is measured on the chart's own history and shown in the panel.
What is a power bar
- A range of at least 1.8 times the ATR of the bars before it (adjustable)
- A body of at least 60 % of the range and a close in the top 25 % (bullish) or bottom 25 % (bearish) of the candle
- Optional tick volume filter: only candles with volume above N times the recent average
- Only closed candles are analysed: a power bar never appears and then disappears
Built-in history test
- For every power bar in the analysed history: did the price reach the target (1 ATR beyond the close by default) before coming back to the middle of the candle?
- Continuation rate overall and separately for bullish and bearish power bars
- Average follow-through in ATRs, and the number of undecided cases
- Arrows coloured by outcome: green continued, red failed, grey undecided, white still running
- Change the horizon and the target and see the statistics update: find what works on each market
- The engine is unit tested (350 checks against an independent reference) and every live signal was re-checked by separate code
Latest power bar
- Highlighted candle, mid-point line (invalidation) and target line
- Status in the panel: ACTIVE, TARGET HIT, FAILED or EXPIRED
- The last power bar on four more timeframes (M15, H1, H4, D1 by default)
Alerts and automation
- On closed bars: new power bar, latest power bar reached its mid-point, latest power bar reached its target
- Pop-up, push notification and e-mail
- Buffers for Expert Advisors: signal (+1 / -1), size in ATRs and outcome
Inputs
- Detection: ATR length, minimum range in ATRs, minimum body share, close position, tick volume filter
- History test: horizon in bars, target in ATRs, bars analysed
- Display: bullish / bearish colours, highlighted candles, outcome arrows, lines of the latest power bar
- Panel: show, corner, distance, four timeframes
- Alerts: new power bar, mid-point, target, pop-up, push, e-mail
The history test describes what happened on past data with your settings; it is information, not a promise of future results.
Part of the Trading Capital P family. Free tools: Candle Timer Sessions, Position Size Calculator, Fair Value Gaps, VWAP Bands, Key Levels, Account Dashboard, Volatility Meter and Chart Drawing Toolkit. Paid tools: Trade Manager MT5, Market Structure MT5, Prop Firm Guardian MT5, Currency Strength MT5, Structure Stop MT5 and Power Bar MT5.

