Elephant Power Candle

The Elephant Power Candle is a powerful and precise momentum indicator designed to highlight true explosive bars in the market — also known as Elephant Bars or Power Candles.
These candles often precede strong directional moves, making them crucial for trend continuation, breakout confirmation, and high-quality momentum entries.

This indicator provides clear visual signals, non-repetitive alerts, and a clean chart interface, helping traders execute with discipline, speed, and confidence.

Why Elephant Bars Matter

Elephant Bars represent moments when institutional volume and directional conviction create a candle significantly larger than the average.
Identifying these bars manually is difficult — the indicator automates this process with accuracy and consistency.

Main Features

• Automatic Buy & Sell Detection

The indicator identifies momentum candles using:

• Relative body size compared to previous candle bodies

• Directional structure (bullish or bearish)

• Adjustable strength multiplier

When a valid Elephant Candle is detected, the signal is displayed instantly on the chart.

• Clean and Intuitive Visual Signals

• Lime arrows for bullish Elephant Bars

• Magenta arrows for bearish Elephant Bars

• No repainting

• No lagging signals

• Configurable Sound Alerts (ON/OFF)

Receive an audio alert each time a new Elephant Candle appears.
Alerts can be enabled or disabled through an input parameter.

Adjustable Parameters

• Body Average Period: number of previous candles used for average body size

• Elephant Factor: multiplier defining how large a candle must be to qualify

• Sound Alert: enable/disable audio notification

Defaults are optimized for universal market conditions, and the indicator works immediately after installation.

Ideal For

• Momentum trading

• Trend continuation setups

• Breakout confirmation

• Volatility expansion patterns

• Swing trading, day trading, and scalping

Works on Forex, indices, commodities, futures, stocks, and cryptocurrencies across all MT5 timeframes.

Advantages Over Standard Momentum Tools

• Does not repaint

• No external dependencies

• Lightweight and extremely fast

• Objective, rule-based signal generation

• Works on all assets and timeframes

• Professional-grade consistency for discretionary and algorithmic traders

Important Notes

• The indicator does not execute trades; it only identifies high-probability momentum events.

• Fully compatible with Expert Advisors if you wish to automate the strategy yourself.