Vector Candles Indicator

Vector Candles Indicator

Vector Candles Indicator is a powerful MT5 tool designed for traders seeking advanced volume analysis and trend insights. It colors candles based on tick or real volume to highlight climax (exhaustion) and super climax (extreme spike) patterns, signaling potential reversals or continuations. Integrated features include 9 customizable EMAs (5-800 periods), Point of Control (POC) from volume profiles, daily pivot levels with midpoints, current day open/high/low lines, arrows for key candles, and configurable alerts (sound, email, push). A built-in legend explains color meanings for quick interpretation. Fully adjustable via inputs for volume thresholds, visibility, and more—ideal for forex, stocks, and crypto on any timeframe. Elevate your trading with dynamic, data-driven visuals!

Recommended time frame M15

In the Vector Candles Indicator, climax candles are highlighted based on volume thresholds to signal potential exhaustion or reversals. Here's a breakdown of the climax-related colors and their meanings (as per the on-chart legend):

• Climax Up (Green): Represents high-volume buying exhaustion on an up candle (close > open). It suggests a likely reversal downward toward the candle's open or low.
• Climax Down (Dark Orange): Indicates high-volume selling exhaustion on a down candle (close < open). It points to a potential reversal upward toward the candle's open or high.
• Super Climax Up (Lime): Shows an extreme volume spike on an up candle, implying a strong probable reversal downward.
• Super Climax Down (Red): Denotes an extreme volume spike on a down candle, signaling a strong probable reversal upward.

These are detected using average volume multipliers (dynamic or manual), with optional filters like minimum volume and candle body size. Arrows can also appear in matching colors for emphasis.

Settings

Volume Calculation Settings

Alert Settings

Legend Display Settings

EMA Line Width Settings

EMA Visibility Settings

POC Settings

Pivot Levels Settings

Daily Lines Settings

Label Offset Settings

Arrow Settings