Consecutive Candle Streak Analysis
By LuxAlgoFeb 19, 2026
Consecutive Candle Streak Analysis counts runs of consecutive higher or lower closes and asks a blunt statistical question: how did every comparable run in history resolve? It applies distribution-of-returns profiling to streaks: every completed run in the lookback is stored, and the live streak is benchmarked against runs of the same length, stage by stage. Streak statistics need depth to mean anything, so the tool is built for daily, weekly, monthly, and quarterly charts.
How to Trade the Consecutive Candle Streak Analysis?
- Continuation vs reversal: the dashboard reports what share of historical streaks at the current length extended one bar further and what share reversed, probabilities drawn from actual frequency, not theory.
- Max and average stage moves: compare the current percentage move against the largest and typical moves recorded at the same stage to judge overextension.
- UNPRECEDENTED alert: fires when the live streak exceeds every observation in the lookback, uncharted territory and a reason to reassess risk.
- Historical highlight boxes: matching past streaks are projected onto the chart with their full high-low range, showing where similar runs stalled.
It sits with LuxAlgo's other statistics tools as decision support that cuts both ways: contrarians get quantified exhaustion context, trend followers get evidence a run is still historically ordinary.
Consecutive Candle Streak Analysis Settings
- Max Historical Streaks: how many completed streaks are stored for benchmarking; more history steadies the probabilities.
- Highlight Historical Matches: toggles the projected boxes over comparable past streaks.
- Show 'Length & Longer' Stats: expands the dashboard with the eventual outcomes of streaks at least as long as the current one.
- Dashboard / Position / Size: toggle the statistics panel and control where and how large it renders.
Frequently Asked Questions
Free on Vela
Run it on Vela. Go further with a paid plan.
- Up to 500 strategy alerts, with webhook automation
- Up to 10× the chart history of Free
- Orderflow lookback up to full history
- Up to 100,000 monthly credits for Quant to customize it
- Futures data alongside crypto, stocks, forex and commodities
Also works on
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