Candle Density Series Et

Candle Density Series - Detecting Density and Streaks of Consecutive Candles

Candle Density Series is a powerful indicator from the CVET System that identifies zones of high candle density — sequences of consecutive bullish or bearish candles.

It tracks and visualizes series of same-direction candles, helping traders understand the strength and persistence of the current market impulse. This is the first (free) version of the indicator, laying the foundation for more advanced density analysis tools in the CVET lineup.

What the Indicator Does

The indicator analyzes the chart in real time and detects candle series (also known as candle streaks):

Highlights completed series with horizontal lines and informative labels (length + purity %)

Displays the currently developing series with live updates

Smartly handles noise (opposite candles) inside an ongoing series

Generates counter-trend signals (arrows) after strong series reach a user-defined threshold

It is especially effective at spotting impulse moves and potential exhaustion zones.

Key Features

Clear visualization of bullish and bearish candle series

Calculation of series purity (accounting for dojis and noise)

Advanced logic for noise tolerance within a series

High-quality counter-trend arrow signals with Low/Med/High rating

Detailed legend with statistics: last series, dominance, average length, and more

Adaptive font scaling depending on chart zoom

Global Variables support for easy integration with Expert Advisors

Main Parameters

Min Series Length — minimum number of candles required to form a valid series

Max Noise In Series — maximum allowed opposite candles (noise) inside a series

Min Series For Signal — minimum series length to trigger a counter-trend signal

Show Signal Arrow — enable/disable counter-trend signals

Target Period — preferred working timeframe (recommended M5)

How It Helps Traders

Candle Density Series is an excellent tool for price action traders. It helps you:

Evaluate the real strength of bullish or bearish impulses

Identify potential reversal zones after long consecutive candle streaks

Filter out weak and noisy movements

Better understand the current market regime (strong trend vs consolidation)

By visualizing density of candles, you get a clearer picture of where the market has real momentum and where it starts to weaken.

Integration with CVET System

Fully compatible with other tools in the CVET ecosystem.

Future Development Plans:

Advanced density quality assessment

Integration with Candle Body Power and candle classification system

Combined analysis of series strength using body size, range, and internal structure

This will allow the creation of a comprehensive candle density evaluation system in upcoming versions.