Hizoa Candle Statistics

HIZOA Candle Statistics

Objective Candle Structure, Market Activity and Pattern Recognition

HIZOA Candle Statistics is a compact informational and educational indicator that provides a clear numerical view of the current candle and the most recently closed candle.

Instead of producing buy or sell signals, the indicator helps traders understand the structure and relative activity of the candles currently shaping the market.

By displaying the proportions of the candle body, upper wick and lower wick, the tool makes it easier to recognise how individual candles are formed. The last closed candle is also evaluated against a selection of commonly used candlestick patterns, allowing traders to learn their names and gradually become more familiar with their visual characteristics.

This makes HIZOA Candle Statistics useful not only for observing current market behaviour, but also as a practical learning aid for traders who want to improve their understanding of candle structure and basic pattern recognition.

Current and Closed Candle Comparison

The panel displays two separate columns:

• CURRENT – continuously measures the active candle while it is still forming.

• CLOSED – displays the final statistics of the most recently completed candle.

This makes it possible to compare developing price activity with confirmed candle data at a glance.

Displayed Candle Statistics

For both candles, the indicator displays:

• Range – the complete distance between the candle high and low.

• Body – the candle body as a percentage of its total range.

• Upper Wick – the upper wick as a percentage of the total range.

• Lower Wick – the lower wick as a percentage of the total range.

• Range vs Average – compares the candle range with the average range of the configured number of previous closed candles.

• Activity – classifies relative candle activity as LOW, NORMAL or HIGH.

Understanding Range vs Average

The candle range is compared with the average range of the previous closed candles.

For example:

• A value of 50% means the candle range is approximately half the recent average.

• A value of 100% means the candle is close to the recent average.

• A value of 150% means the candle range is approximately one-and-a-half times the recent average.

The candle being evaluated is never included in its own reference average.

Activity Classification

The default activity classification is:

• LOW ACTIVITY – range is below 75% of the recent average.

• NORMAL ACTIVITY – range is between 75% and 125% of the recent average.

• HIGH ACTIVITY – range is above 125% of the recent average.

Activity describes the relative size of the candle. It does not indicate bullish or bearish direction.

Practical Use

HIZOA Candle Statistics can be used to add objective candle context to almost any trading approach.

It can help traders observe:

• whether current price movement is relatively quiet or unusually active;

• whether a candle is driven primarily by its body or by rejection wicks;

• whether a developing candle is behaving differently from recent candles;

• whether current movement is supported by expanding candle activity;

• whether market conditions may require additional patience or caution.

The indicator can be used independently or alongside price action, support and resistance, volume, divergence, session or event-based tools.

Adjustable Settings

Users can configure:

• the number of closed candles used for the average calculation;

• automatic, point or pip-based range display;

• panel position;

• horizontal panel distance;

• vertical panel distance.

Important Information

HIZOA Candle Statistics is an objective informational tool.

It does not generate trade signals, predict future price direction or recommend entries and exits. All displayed information should be interpreted within the trader’s own strategy, analysis and risk-management framework.

OBJECTIVE DATA — NO TRADE SIGNALS

Your Feedback Matters

HIZOA is continuously developed with a focus on usability, clarity and practical value for traders.

We would be happy to hear about your experience with the HIZOA product. Comments, reviews and ratings are greatly appreciated, and constructive feedback or suggestions for improvement are always welcome.

HIZOA — Structure Beyond the Visible

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