Power Bar [MMT]

Identify and trade powerful market thrusts with precision. Power Bar [MMT] detects high-momentum bullish and bearish candles that break recent support or resistance, combine proximity to a key moving average, and offer automated multi-TP trade management.

Features

• Power Bar Detection: Spots large-bodied candles (relative to ATR) with minimal opposing wicks, originating near the 20 SMA, and breaking key support/resistance zones.
  
• Fully Configurable: Adjust ATR length/multiplier, wick size ratio, SMA proximity, display style (most recent/historical) and more.
  
• SMA Overlay: Optionally plot configurable SMA for context with proximity checks.
  
• Support/Resistance Lines: Detect and visualize dynamic S/R based on recent swing highs/lows, with customizable lookback, style, color, and tolerance.
  
• Trade Management: Automated lines and labels for entry, stop loss, and up to three profit targets (ATR or risk multiples). Choose display mode and extend historical trades.
  
• Visual Alerts: Color-coded bar highlights, up/down arrow label overlays, customizable colors for bullish/bearish power bars.
  

Use Cases

• Rapidly spot and respond to strong market moves, often signaling trend initiation or continuation.
  
• Integrate with multi-timeframe setups, momentum strategies, and discretionary trading.
  
• Set up actionable alerts when a power bar triggers in real time.
  

Inputs

• ATR length and multiplier
  
• Wick ratio and SMA proximity
  
• Support/resistance lookback, tolerance, style, color
  
• Trade management toggle and TP calculation modes
  
• Historical/max recent bars/trades limit controls
  

Alerts

Alert conditions for bullish, bearish, and any power bar event, supporting automated trading workflows.