Relative Candle Strength by Alb

Description:

This indicator highlights candles with unusually large bodies (the distance between open and close), compared to a moving average of previous candles. It completely ignores wicks and focuses on true price movement.

• Green bars = strong bullish candles (close > open)
  Red bars = strong bearish candles (close < open)
  
• Color intensity reflects strength: the bigger the body, the more vivid the color
  
• White/gray = weak or normal candles
  

You can configure:

• The number of periods to calculate the average body size
• The minimum body strength threshold (e.g., 1.5× average) required to highlight the candle
  

This tool helps traders identify moments of strong price conviction and directional strength, while filtering out noise from small or indecisive candles.This indicator highlights candles with unusually large bodies (the distance between open and close), compared to a configurable moving average of previous candles. It ignores wicks and focuses solely on the real price movement.