Trend Reader Pro
The trend candles are guided by a modified super trend and by evaluating the current volume.
It is possible to choose the colors completely freely. By default, the candles are colored green if a bullish trend is detected, red if a bearish trend is detected.
Blue candles mean that the volume of the candle is significantly higher than the volume of the previous candles. Each user can freely determine how many candles are to be analyzed for this calculation in the indicator settings. They are also free to choose when the volume is considered small.
Trend candles
The trend candles are guided by a modified super trend and by evaluating the current volume.
It is possible to choose the colors completely freely. By default, the candles are colored green if a bullish trend is detected, red if a bearish trend is detected.
Blue candles mean that the volume of the candle is significantly higher than the volume of the previous candles. Each user can freely determine how many candles are to be analyzed for this calculation in the indicator settings. They are also free to choose when the volume is considered small.
Wick
The wick analysis is based on a simple candle structure. It checks whether the wick of the candle is high (long) on average. If this is the case, a blue diamond is printed at the bottom of the candle (in the case of a bearish candle) or at the top of the candle (in the case of a bullish candle). This allows the user to see at a glance whether this candle has an average length. This makes it possible to recognize large movements in the market. The parameters for a large/long wick are freely adjustable in the settings.
Zones
The zones show when a market is overbought or undersold. This allows the user to see directly where the chart is at a glance. The zones are divided into two levels, which differ slightly visually. They only show how much oversold or undersold the market is.
Dashboard
The dashboard is a small display in the upper corner of the chart that shows the current trend of the chart. This analysis is calculated using an EMA. The period to be analyzed can be defined in the settings. For example, the user can display what the daily chart is. In this way, you can see and observe the higher or lower-level trend directly.