High-wave Candle

High-wave Candle detects the market's loudest indecision bar — violent excursions both ways, a close back near the open — and turns each one into a tradable bracket, the library's first dedicated build of the high-wave candle. Both shadows must be long against the body and against the recent average range, separating the shape from one-sided rejection candles and from milder indecision bars. Detections label in a neutral color, and the candle's extremes extend forward as dashed brackets until a close escapes one side.

How to Trade the High-wave Candle?

• Label prints: heavy two-sided trade with no winner — a statement about energy, not direction, with alerts on detection.
• Bracket resolves up: a close above the candle's high decides the recorded fight to the upside; the broken side takes the directional color while the other dims.
• Bracket resolves down: the mirrored close below the low, with its own alert.
• After an extended trend: with a context filter active, only candles following a sustained run are marked — usually a prompt to tighten stops, not reverse.

High-wave Candle Settings

• Average Range Length (default 20): the recent-bar yardstick the shadows are measured against.
• Min Shadow / Body (default 2) and Min Shadow / Average Range (default 0.6): both excursions must clear both hurdles.
• Max Body % of Range (default 25) and Min Body % of Range (default 5): bodies below the floor are left to the long-legged doji.
• Body Center Tolerance % (default 20): keeps the body near mid-range, rejecting one-sided shapes.
• Context Filter (default Any) with Trend Basis Length (default 50) and Min Trend Bars (default 10): restrict detections to post-trend locations.
• Require High Volume (default disabled) with High Volume Multiplier (default 1.5) and Volume Average Length (default 20).
• Show Range Bracket (default enabled) and Show Last Brackets (default 8), plus label, highlight and trend-basis toggles.

Frequently Asked Questions

How does it differ from a Spinning Top?

A Spinning Top marks restrained two-sided trade behind modest shadows. Here each shadow must also clear a set share of the recent average range, so only genuinely expanded sessions qualify.

Why is the pattern drawn in a neutral color?

The candle records a stalemate. Direction is assigned only when a close escapes the bracket — that is when the color changes and the resolution alerts fire.

What does the volume filter add?

Evidence that large opposing flows actually met rather than thin-liquidity noise. High-volume detections carry their own alert, and the label tooltip reports the multiple either way.