Master Candle

Master Candle (MC) Indicator automatically detects "Master Candles", also known as "Mother Candles", i.e. candle that engulf several candles that follow them. See screenshots.

You can choose how many candles Master Candle should engulf. By default it is set to 4. Feel free to change colour and thickness of lines as it suites you.


I find this indicator to be very useful to identify congestions and breakouts, especially on 60 minutes charts.

Usually if you see candle closing above or below "Master Candle Congestion" price tends to continue in the direction of breakout. 


Such candle congestions usually occur during trends or at round numbers (psychological levels). Breakout from the congestion usually indicates trend continuation.

MC is highly useful on daily. In most cases when Master candle engulfs 2-3 days, breakouts from it are true and last from 90 to over 300 pips, as seen on EURUSD daily chart (See 2nd screenshot).


This indicator is useful with Trend Tools such as Ichimoku and Moving Averages, as breakout from MC situated entirely below or above moving averages tend to generate significant price moves.

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Separated tick volume moving averages: This tool makes it is easier to track the volume behind the moves. It will separate tick volume into bullish and bearish volumes with two separate moving averages. Tracking volume versus price in an easy way is now accessable to any trader. It will put you on track with the market makers and those who move the price. Volume is not the only thing which moves the price but its an important factor behind it. Hence it has a predictive power. How tick volume w
Volume Tracker
Kristmundur Roman Zakharii
This indicator draws a PVA (Price-Volume Analysis) volumes histogram or a standard volumes histogram in the first chart subwindow.  An alert option signals when a "Climax" situation exists.  Specific details follow. The PVA Volumes Histogram   This indicator creates PVA Volumes to be used together with the PVA Candles indicator. Special colors are used for candles and corresponding volume bars when notable situations occur involving price and volume, hence PVA (Price-Volume Analysis).  The cr
Tick Volume Moving Averages
Kristmundur Roman Zakharii
Separated tick volume moving averages: This tool makes it is easier to track the volume behind the moves. It will separate tick volume into bullish and bearish volumes with two separate moving averages. Tracking volume versus price in an easy way is now accessable to any trader. It will put you on track with the market makers and those who move the price. Volume is not the only thing which moves the price but its an important factor behind it. Hence it has a predictive power. How tick volume w
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